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Outfront Media (OUT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Outfront Media (OUT - Free Report) reported $408.5 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.2%. EPS of $0.14 for the same period compares to -$0.19 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $408.8 million, representing a surprise of -0.07%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Outfront Media performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Non-GAAP Billboard Revenues- U.S. Media: $313.90 million versus the five-analyst average estimate of $314.34 million. The reported number represents a year-over-year change of +3.5%.
Non-GAAP Transit and other Revenues- U.S. Media: $75.70 million versus the five-analyst average estimate of $73.95 million. The reported number represents a year-over-year change of +7.7%.
Non-GAAP Total revenues- U.S. Media: $389.60 million versus $388.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
Non-GAAP Total revenues- Other: $18.90 million versus the five-analyst average estimate of $20.38 million. The reported number represents a year-over-year change of -2.6%.
Non-GAAP Transit and other Revenues- Other: $4 million versus the four-analyst average estimate of $5.19 million. The reported number represents a year-over-year change of -18.4%.
Non-GAAP Billboard Revenues- Other: $14.90 million compared to the $15.38 million average estimate based on four analysts. The reported number represents a change of -23.2% year over year.
Revenues- Billboard: $328.80 million versus the two-analyst average estimate of $324.70 million. The reported number represents a year-over-year change of +2.6%.
Revenues- Transit and other: $79.70 million versus $80.66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Net Earnings Per Share (Diluted): -$0.18 compared to the -$0.12 average estimate based on five analysts.
U.S.- Adjusted OIBDA: $81.80 million versus the four-analyst average estimate of $75.13 million.
Other- Adjusted OIBDA: $0.90 million compared to the $2.39 million average estimate based on four analysts.
Corporate- Adjusted OIBDA: -$16.20 million versus -$11.28 million estimated by three analysts on average.
Shares of Outfront Media have returned -0.5% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Outfront Media (OUT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Outfront Media (OUT - Free Report) reported $408.5 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.2%. EPS of $0.14 for the same period compares to -$0.19 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $408.8 million, representing a surprise of -0.07%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Outfront Media performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-GAAP Billboard Revenues- U.S. Media: $313.90 million versus the five-analyst average estimate of $314.34 million. The reported number represents a year-over-year change of +3.5%.
- Non-GAAP Transit and other Revenues- U.S. Media: $75.70 million versus the five-analyst average estimate of $73.95 million. The reported number represents a year-over-year change of +7.7%.
- Non-GAAP Total revenues- U.S. Media: $389.60 million versus $388.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Non-GAAP Total revenues- Other: $18.90 million versus the five-analyst average estimate of $20.38 million. The reported number represents a year-over-year change of -2.6%.
- Non-GAAP Transit and other Revenues- Other: $4 million versus the four-analyst average estimate of $5.19 million. The reported number represents a year-over-year change of -18.4%.
- Non-GAAP Billboard Revenues- Other: $14.90 million compared to the $15.38 million average estimate based on four analysts. The reported number represents a change of -23.2% year over year.
- Revenues- Billboard: $328.80 million versus the two-analyst average estimate of $324.70 million. The reported number represents a year-over-year change of +2.6%.
- Revenues- Transit and other: $79.70 million versus $80.66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
- Net Earnings Per Share (Diluted): -$0.18 compared to the -$0.12 average estimate based on five analysts.
- U.S.- Adjusted OIBDA: $81.80 million versus the four-analyst average estimate of $75.13 million.
- Other- Adjusted OIBDA: $0.90 million compared to the $2.39 million average estimate based on four analysts.
- Corporate- Adjusted OIBDA: -$16.20 million versus -$11.28 million estimated by three analysts on average.
View all Key Company Metrics for Outfront Media here>>>Shares of Outfront Media have returned -0.5% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.