Clear Channel Outdoor CCO is set to give its latest quarterly earnings report on Tuesday, 2023-02-28. Here's what investors need to know before the announcement.
Analysts estimate that Clear Channel Outdoor will report an earnings per share (EPS) of $0.04.
Clear Channel Outdoor bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed EPS by $0.03, which was followed by a 11.17% drop in the share price the next day.
Here's a look at Clear Channel Outdoor's past performance and the resulting price change:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.05 | -0.04 | -0.16 | 0.04 |
| EPS Actual | -0.08 | -0.09 | -0.19 | 0.13 |
| Price Change % | -11.17% | 6.0% | -5.7% | -7.02% |
Stock Performance
Shares of Clear Channel Outdoor were trading at $1.57 as of February 23. Over the last 52-week period, shares are down 58.3%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Clear Channel Outdoor visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
