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Clear Channel Outdoor Holdings (CCO)
NYSE:CCO
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
$0.05Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -6.67%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted solid revenue growth across all segments, strategic expansions, and partnerships in key markets like New York and in industries like pharmaceuticals and CPG. However, there were challenges with Europe-North margins, a setback in the planned Spanish business sale, and moderated growth expectations in some areas. Overall, the positives were significant but balanced by the challenges faced.Company Guidance
During Clear Channel Outdoor Holdings, Inc.'s Q3 2024 earnings call, the company reported consolidated revenue of $559 million, marking a 6.1% increase over the previous year, or 5.7% when accounting for foreign exchange fluctuations. The Americas segment saw a 5% rise in revenue, reaching $293 million, with digital billboards contributing 36.1% of this figure. The Airports segment experienced a 9% growth to $82 million, while Europe-North's revenue increased by 8.6% to $162 million, despite a loss of a transit contract in Norway. Adjusted EBITDA for the quarter was up 2.6% to $143 million, with an AFFO of $27 million, reflecting a 9.1% increase. Looking ahead, Clear Channel provided guidance for Q4 2024, projecting consolidated revenue between $628 million and $653 million, with full-year revenue expected to range from $2.222 billion to $2.247 billion.Revenue Growth Across All Segments
Consolidated revenue for the third quarter was $559 million, an increase of 6.1% or 5.7% excluding foreign exchange movements, with growth across all business segments.
Expansion in New York Market
Received a 15-year contract for roadside advertising assets with the New York MTA, expanding the company's footprint and potential revenue in the New York tri-state area.
Strategic Partnerships and Initiatives
Partnership with Circana to enhance the RADAR platform for CPG advertisers; increased engagement with pharmaceutical companies, indicating new revenue opportunities.
AFFO and Cash Flow Improvement
AFFO exceeded discretionary CapEx in Q3, indicating improved cash flow, with expectations of continued improvement into 2025.
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CCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $1.50 | $1.47 | -2.00% |
| Aug 07, 2024 | $1.42 | $1.39 | -2.11% |
| May 09, 2024 | $1.54 | $1.61 | +4.55% |
| Feb 26, 2024 | $1.88 | $1.98 | +5.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clear Channel Outdoor Holdings (CCO) report earnings?
Clear Channel Outdoor Holdings (CCO) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Clear Channel Outdoor Holdings (CCO) earnings time?
Clear Channel Outdoor Holdings (CCO) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCO EPS forecast?
CCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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