Clear Channel Outdoor (NYSE:CCO) Issues Earnings Results, Misses Expectations By $0.04 EPS

Clear Channel Outdoor (NYSE:CCO) released its quarterly earnings data on Monday. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04), Zacks reports. Clear Channel Outdoor updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Clear Channel Outdoor Trading Down 2.5 %

NYSE CCO opened at $1.37 on Monday. Clear Channel Outdoor has a 12-month low of $1.29 and a 12-month high of $2.06. The firm’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $1.50. The firm has a market capitalization of $667.59 million, a P/E ratio of -4.71 and a beta of 3.03.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen dropped their target price on Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and set a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Thursday, October 31st.

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.