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Outfront Media Inc (OUT)
NYSE:OUT
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 1.37%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth in key areas such as organic revenues, digital sales, and AFFO. The reduction in leverage and growth in automated sales platforms further underscore positive developments. However, these were slightly offset by challenges in local ad growth and contract exits impacting growth. Overall, the positive highlights slightly outweigh the lowlights.Company Guidance
During OUTFRONT Media's fourth quarter 2024 earnings call, the company provided several key metrics and guidance for 2025. Organic revenues for the year increased by about 4% year-over-year, driven by a 3% rise in billboard revenues and a significant 9% growth in transit revenues, with the New York MTA leading with nearly 12% growth. Digital billboard revenues also saw substantial growth, with automated sales platforms accounting for 20% of digital billboard revenues, up from 14% in 2023. The company's adjusted operating income before depreciation and amortization (OIBDA) was $155 million for Q4, while adjusted funds from operations (AFFO) reached $119 million, contributing to a total of $308 million for 2024, surpassing the guidance provided earlier. For 2025, OUTFRONT Media expects mid-single-digit AFFO growth, driven by improvements in OIBDA. The company ended 2024 with a reduced leverage ratio of 4.7 times, down from 5.4 times in 2023, and announced a dividend of $0.30 per share. The guidance for the first quarter of 2025 expects slightly up revenues compared to last year, with flat billboard revenues and mid-single-digit growth in transit revenues.Organic Revenue Growth
Organic revenues grew approximately 4% year-over-year, excluding the Canadian business results. Billboard revenues were up 3%, and transit revenues increased nearly 9% for the year.
Automated Sales Platforms
Significant growth in automated sales platforms was observed, increasing from 14% of digital billboard revenues in 2023 to 20% in 2024.
AFFO Growth
2024 AFFO grew 11.5%, ahead of the high single-digit guidance provided the previous year.
Leverage Reduction
Leverage was reduced to 4.7 times from 5.4 times at the end of 2023, primarily by using proceeds from the sale of the Canadian business.
Digital Revenue Performance
Digital revenue grew almost 7% in the quarter, with digital revenue representing nearly 36% of total revenues, up from 34% the previous year.
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OUT 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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OUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $18.29 | $18.40 | +0.60% |
| Nov 12, 2024 | $17.76 | $18.03 | +1.52% |
| Aug 06, 2024 | $13.60 | $14.46 | +6.32% |
| May 02, 2024 | $15.17 | $14.27 | -5.93% |
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 Outfront Media Inc (OUT) report earnings?
Outfront Media Inc (OUT) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Outfront Media Inc (OUT) earnings time?
Outfront Media Inc (OUT) earnings time is at May 02, 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 OUT EPS forecast?
OUT EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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