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

Clear Channel Outdoor (NYSE:CCO) issued its quarterly earnings results 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 Price Performance

Shares of Clear Channel Outdoor stock opened at $1.37 on Monday. Clear Channel Outdoor has a 1 year low of $1.29 and a 1 year high of $2.06. The stock has a market cap of $667.59 million, a PE ratio of -4.71 and a beta of 3.03. The firm has a fifty day moving average price of $1.41 and a 200 day moving average price of $1.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CCO shares. TD Cowen cut 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 reissued an “outperform” rating and issued a $2.50 price objective on shares of Clear Channel Outdoor in a report on Thursday, October 31st.

Clear Channel Outdoor Company Profile

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.