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Outfront Media Inc (OUT)
NYSE:OUT
Holding OUT?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 6.48%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth in the U.S. Media segment, robust digital performance, and a solid financial position with increased dividends and reduced leverage. However, challenges included exiting a significant contract with the New York MTA, regional performance issues, and increased corporate expenses. The positive growth metrics and strategic initiatives outweigh the challenges, leading to an overall positive sentiment.Company Guidance
During the Q3 2024 earnings call for Outfront Media, the executives provided detailed guidance on several key financial metrics. The U.S. Media segment showed a revenue growth of over 5%, with adjusted OIBDA increasing by just over 11%, supported by a modest expense growth of 3%. Consolidated AFFO grew nearly 7% to $81 million, aligning with the higher end of the company's growth target. Billboard revenues rose by 4.8%, while transit revenue increased by 7.3%, with New York MTA contributing significantly. Local revenues led growth, up almost 7%, and national revenues improved by over 3%. The U.S. Media digital performance was robust, with a 10% revenue increase, constituting over 32% of total revenues. For Q4, revenue growth is anticipated to be around 3%, with billboard revenue expected to grow in the low single digits and transit revenues in high single digits. Additionally, a special dividend of $0.75 per share was announced, with a portion payable in cash and the remainder in stock, alongside a reverse stock grid planned for early 2025 to offset dilution.Strong U.S. Media Revenue Growth
U.S. business grew revenues over 5% with billboard revenues up 4.8% and transit revenue up 7.3%, driven by growth in all markets including the New York MTA.
Robust OIBDA and AFFO Growth
U.S. Media adjusted OIBDA grew just over 11%, with consolidated AFFO increasing nearly 7% to $81 million. The company is on track to achieve the high end of its growth target.
Digital Performance and Expansion
U.S. Media digital revenue grew 10% in the quarter, with digital billboards up over 11%. The company added nearly 1,400 digital displays in the U.S. in Q3.
Special Dividend Announcement
A $0.75 per share special dividend was approved, totaling about $125 million, to be paid in a combination of cash and stock.
Improved Leverage Position
Total net leverage was reduced to 5.0x from 5.4x at the end of 2023, with expectations of further deleveraging within the target range of 4x to 5x.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | $11.51 | $13.64 | +18.51% |
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 Feb 19, 2025, TBA Not Confirmed.
What is Outfront Media Inc (OUT) earnings time?
Outfront Media Inc (OUT) earnings time is at Feb 19, 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 2024 (Q4) is 0.39.
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