Clear Channel Outdoor CCO released its Q3 earnings on Thursday, October 31, 2024 at 06:00 AM.
Here's what's important from the earnings announcement.
Earnings
Clear Channel Outdoor missed estimated earnings by 0.0%, reporting an EPS of $-0.06 versus an estimate of $-0.06.
Revenue was up $32.20 million from the same period last year.
Analysis of Past Earnings
The company beat on EPS by $0.01 in the last quarter, resulting in a 3.0% drop share price change the following day.
Here's a look at Clear Channel Outdoor's past performance:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|
| EPS Estimate | -0.06 | -0.05 | -0.17 | 0.04 | -0.08 |
| EPS Actual | -0.06 | -0.04 | -0.17 | 0.05 | -0.11 |
| Revenue Estimate | 557.41M | 562.37M | 478.55M | 610.14M | 594.92M |
| Revenue Actual | 558.99M | 558.54M | 481.75M | 632.11M | 526.79M |
Latest Earnings Reports from Competitors
With Clear Channel Outdoor's earnings data now available, it's crucial to gauge how its competitors, including PubMatic, TechTarget, and National CineMedia, have been performing.
- PubMatic's earnings announcement on August 08, 2024 exceeded expectations, with an actual EPS of $0.17 compared to the market's projected EPS of $-0.02, resulting in a 950.0% increase.
- TechTarget's earnings on August 08, 2024 exceeded market projections, revealing an EPS of $0.42 compared to the estimated EPS of $0.4, resulting in a 5.0% increase.
- National CineMedia announced earnings on November 05, 2024, revealing results below market expectations. Despite the market's anticipation of an EPS of $-0.03, National CineMedia's actual EPS was $-0.04, resulting in a -33.33% decrease compared to expectations.
Competitors Quarterly Earnings and Stock Performance Analysis
In this detailed analysis, insights are provided into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.
| Company Name | Date | EPS Expected | EPS Announced | EPS Change Percent | Stock Price At Close | Stock Price at Next Day Open | Price Change Percent |
|---|---|---|---|---|---|---|---|
| Clear Channel Outdoor | October 31, 2024 | -0.06 | -0.06 | 0.0% | $1.47 | $1.48 | 0.68% |
| PubMatic | August 08, 2024 | -0.02 | 0.17 | 950.0% | $19.6 | $13.82 | -29.49% |
| TechTarget | August 08, 2024 | 0.40 | 0.42 | 5.0% | $29.02 | $28.38 | -2.21% |
| National CineMedia | November 05, 2024 | -0.03 | -0.04 | -33.33% | $7.3 | $7.35 | 0.68% |
Comparative Study: Estimated vs. Actual Peer Revenues
Below is a comparison of estimated and announced revenue figures for Clear Channel Outdoor's peers. This comparison gives insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.
| Company Name | Estimated Revenue | Announced Revenue | Revenue Surprise Percentage |
|---|---|---|---|
| Clear Channel Outdoor | 557.41M | 558.99M | 0.28% |
| PubMatic | 70.12M | 67.27M | -4.07% |
| TechTarget | 58.08M | 58.91M | 1.44% |
| National CineMedia | 58.02M | 62.40M | 7.55% |
To track all earnings releases for Clear Channel Outdoor visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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