Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is expected to report third quarter earnings results, before market open, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.29 per share.
Looking ahead, the full year loss are expected at $ 1.31 per share on the revenues of $ 1805.18 million.
Previous Quarter Performance
Clear Channel Outdoor Holdings, Inc. announced loss for the second quarter of $ 0.30 per share, from the revenue of $ 314.91 million. The quarterly revenues declined 54.93 percent compared with the same quarter last year. Wall street analysts are predicting, CCO to report 2Q20 loss of $ 0.38 per share from revenue of $ 322.97 million. The bottom line results beat street analysts by $ 0.08 or 21.05 percent, at the same time, top line results fell short of analysts by $ 8.06 million or 2.5 percent.
Stock Performance
On Friday, shares of Clear Channel Outdoor Holdings, Inc. has traded high as $ 1.01 and has cracked $ 0.96 on the downward trend, reaching $ 1.00 with volume of 689.20 thousand shares.
According to the previous trading day, closing price of $ 1.00, representing a 172.22 % increase from the 52 week low of $ 0.36 and a 68.39 % decrease over the 52 week high of $ 3.10.
The company has a market capital of $ 461.46 million and is part of the Consumer Cyclical sector and Marketing Services industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating
Conference Call
Clear Channel Outdoor Holdings, Inc. will be hosting a conference call at 8:30 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.clearchanneloutdoor.com
Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.
