Clear Channel Outdoor (NYSE:CCO) just disclosed its Q3 earnings on Thursday, October 31, 2024 at 06:00 AM.

Here's a brief overview of the earnings report.

Earnings

Clear Channel Outdoor missed estimated earnings by 0.0%, reporting an EPS of $-0.06 versus an estimate of $-0.06.

Revenue was up $32.20 million from the same period last year.

Overview of Past Earnings

The company beat on EPS by $0.01 in the previous quarter, leading to a 3.0% drop share price change the next day.

Here's a look at Clear Channel Outdoor's past performance:

Peer Companies' Recent Earnings

As we review Clear Channel Outdoor's earnings, it's important to put its results into perspective by comparing them to those of its competitors, such as PubMatic, TechTarget, and National CineMedia.

• PubMatic, earnings revealed on August 08, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $-0.02, PubMatic exceeded expectations with an EPS of $0.17, reflecting an increase of 950.0% compared to estimates. This outcome is likely to gain investor confidence
• TechTarget, earnings revealed on August 08, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $0.4, TechTarget exceeded expectations with an EPS of $0.42, reflecting an increase of 5.0% compared to estimates. This outcome is likely to gain investor confidence
• On November 05, 2024, National CineMedia unveiled earnings that were below market expectations, with an actual EPS of $-0.04 compared to an estimated EPS of $-0.03, resulting in a -33.33% decrease.

In-depth Analysis: Competitors' Quarterly Earnings and Stock Performance

This insightful analysis provides an overview of the market's responses to the latest earnings releases from key competitors. It presents the projected and actual earnings per share (EPS) figures for each company, alongside the associated stock prices at the close of the announcement day and the opening of the following trading day.

Comparative Overview of Peer Revenues: Estimated vs. Announced

The table below illustrates a comparison of estimated and announced revenue figures for Clear Channel Outdoor's peers. This comparison sheds light on the revenue performance of these companies, providing valuable context to understand their financial standing within the industry.

To track all earnings releases for Clear Channel Outdoor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.