Back to top

Image: Bigstock

Countdown to Outfront Media (OUT) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Read MoreHide Full Article

Wall Street analysts expect Outfront Media (OUT - Free Report) to post quarterly earnings of $0.43 per share in its upcoming report, which indicates a year-over-year decline of 6.5%. Revenues are expected to be $454.63 million, unchanged compared to the year-ago quarter.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

With that in mind, let's delve into the average projections of some Outfront Media metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus among analysts is that 'Organic Total revenues- U.S. Media' will reach $449.22 million. The estimate indicates a change of +4.8% from the prior-year quarter.

Analysts forecast 'Organic Transit and other Revenues- U.S. Media' to reach $91.77 million. The estimate suggests a change of +8.3% year over year.

According to the collective judgment of analysts, 'Organic Total revenues- U.S. Media' should come in at $449.22 million. The estimate indicates a change of +4.8% from the prior-year quarter.

It is projected by analysts that the 'Organic Transit and other Revenues- U.S. Media' will reach $91.77 million. The estimate points to a change of +8.3% from the year-ago quarter.

The average prediction of analysts places 'Organic Billboard Revenues- U.S. Media' at $357.45 million. The estimate points to a change of +3.9% from the year-ago quarter.

Analysts' assessment points toward 'Organic Billboard Revenues- U.S. Media' reaching $357.45 million. The estimate suggests a change of +3.9% year over year.

Analysts expect 'Organic Total revenues- Other' to come in at $6.51 million. The estimate indicates a change of -75.1% from the prior-year quarter.

Based on the collective assessment of analysts, 'Organic Total revenues- Other' should arrive at $6.51 million. The estimate suggests a change of -75.1% year over year.

The consensus estimate for 'Revenues- Billboard' stands at $359.39 million. The estimate suggests a change of -1.2% year over year.

Analysts predict that the 'Organic Transit and other Revenues- Other' will reach $2.97 million. The estimate points to a change of -54.3% from the year-ago quarter.

The combined assessment of analysts suggests that 'Organic Billboard Revenues- Other' will likely reach $9.56 million. The estimate points to a change of -51.3% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Revenues- Transit and other' of $93.77 million. The estimate points to a change of +2.8% from the year-ago quarter.

View all Key Company Metrics for Outfront Media here>>>

Shares of Outfront Media have experienced a change of -1.6% in the past month compared to the +3.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), OUT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


OUTFRONT Media Inc. (OUT) - free report >>

Published in