We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Outfront Media (OUT) Q1 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Outfront Media (OUT - Free Report) will report quarterly earnings of $0.28 per share in its upcoming release, pointing to a year-over-year increase of 100%. It is anticipated that revenues will amount to $419.85 million, exhibiting an increase of 7.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Outfront Media metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Organic revenues- Billboard' should arrive at $323.77 million. The estimate suggests a change of +4.2% year over year.
Analysts expect 'Organic revenues- Transit' to come in at $92.85 million. The estimate suggests a change of +19.5% year over year.
The average prediction of analysts places 'Organic revenues- Total' at $417.14 million. The estimate indicates a year-over-year change of +6.8%.
The consensus among analysts is that 'Depreciation and amortization' will reach $38.91 million.
Over the past month, shares of Outfront Media have returned +13.1% versus the Zacks S&P 500 composite's +10.3% change. Currently, OUT carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Gear Up for Outfront Media (OUT) Q1 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Outfront Media (OUT - Free Report) will report quarterly earnings of $0.28 per share in its upcoming release, pointing to a year-over-year increase of 100%. It is anticipated that revenues will amount to $419.85 million, exhibiting an increase of 7.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Outfront Media metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Organic revenues- Billboard' should arrive at $323.77 million. The estimate suggests a change of +4.2% year over year.
Analysts expect 'Organic revenues- Transit' to come in at $92.85 million. The estimate suggests a change of +19.5% year over year.
The average prediction of analysts places 'Organic revenues- Total' at $417.14 million. The estimate indicates a year-over-year change of +6.8%.
The consensus among analysts is that 'Depreciation and amortization' will reach $38.91 million.
View all Key Company Metrics for Outfront Media here>>>Over the past month, shares of Outfront Media have returned +13.1% versus the Zacks S&P 500 composite's +10.3% change. Currently, OUT carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .