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Exploring Analyst Estimates for Clear Channel Outdoor (CCO) Q1 Earnings, Beyond Revenue and EPS
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The upcoming report from Clear Channel Outdoor (CCO - Free Report) is expected to reveal quarterly loss of $0.18 per share, indicating an increase of 21.7% compared to the year-ago period. Analysts forecast revenues of $480.69 million, representing a decrease of 11.9% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Clear Channel Outdoor metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Americas' of $248.75 million. The estimate indicates a year-over-year change of +5.4%.
Analysts' assessment points toward 'Geographic Revenue- Other International' reaching $19.62 million. The estimate suggests a change of +2.8% year over year.
Analysts forecast 'Adjusted EBITDA- Americas' to reach $86.84 million. Compared to the present estimate, the company reported $81.37 million in the same quarter last year.
Over the past month, Clear Channel Outdoor shares have recorded returns of -7.3% versus the Zacks S&P 500 composite's -0.4% change. Based on its Zacks Rank #2 (Buy), CCO will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Exploring Analyst Estimates for Clear Channel Outdoor (CCO) Q1 Earnings, Beyond Revenue and EPS
The upcoming report from Clear Channel Outdoor (CCO - Free Report) is expected to reveal quarterly loss of $0.18 per share, indicating an increase of 21.7% compared to the year-ago period. Analysts forecast revenues of $480.69 million, representing a decrease of 11.9% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Clear Channel Outdoor metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Americas' of $248.75 million. The estimate indicates a year-over-year change of +5.4%.
Analysts' assessment points toward 'Geographic Revenue- Other International' reaching $19.62 million. The estimate suggests a change of +2.8% year over year.
Analysts forecast 'Adjusted EBITDA- Americas' to reach $86.84 million. Compared to the present estimate, the company reported $81.37 million in the same quarter last year.
View all Key Company Metrics for Clear Channel Outdoor here>>>
Over the past month, Clear Channel Outdoor shares have recorded returns of -7.3% versus the Zacks S&P 500 composite's -0.4% change. Based on its Zacks Rank #2 (Buy), CCO will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>