Clear Channel Outdoor (NYSE:CCO) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Clear Channel Outdoor (NYSE:CCO - Get Free Report) announced its quarterly earnings results on Monday. The business services provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04), Zacks reports. The firm had revenue of $426.72 million for the quarter, compared to the consensus estimate of $502.53 million. Clear Channel Outdoor updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Clear Channel Outdoor Stock Performance

NYSE CCO traded down $0.10 on Thursday, reaching $1.20. The company had a trading volume of 1,216,609 shares, compared to its average volume of 1,107,471. The company's fifty day moving average is $1.40 and its 200-day moving average is $1.49. The firm has a market capitalization of $584.45 million, a price-to-earnings ratio of -4.12 and a beta of 3.03. Clear Channel Outdoor has a 1-year low of $1.19 and a 1-year high of $1.92.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen reduced their target price on Clear Channel Outdoor from $2.60 to $2.40 and set a "buy" rating on the stock in a report on Friday, November 1st. Barrington Research reiterated an "outperform" rating and set a $2.50 price objective on shares of Clear Channel Outdoor in a report on Monday.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.