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Market Overview

A Preview Of Clear Channel Outdoor's Earnings


Clear Channel Outdoor (NYSE: CCO) announces its next round of earnings this Friday, August 07. Here is Benzinga's everything-that-matters guide for this Friday's Q2 earnings announcement.

Earnings and Revenue

Wall Street analysts see Clear Channel Outdoor reporting a quarterly loss of $0.38 per share on sales of $322.97 million. In the same quarter last year, Clear Channel Outdoor reported EPS of $0.01 on revenue of $698.01 million. If the company were to match the consensus estimate when it reports Friday, EPS would have fallen 3700.0%. Clear Channel Outdoor's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.20 0.03 -0.09 -0.03
EPS Actual -0.33 0.06 -0.28 -0.01
Revenue Estimate 552.97 M 736.65 M 659.15 M 698.70 M
Revenue Actual 550.81 M 745.23 M 653.45 M 698.01 M

Stock Performance

Over the last 52-week period, shares are down 60.55%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Clear Channel Outdoor is scheduled to hold the call at 08:30:00 ET and can be accessed here:


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Posted-In: Earnings Penny Stocks