OUTFRONT Media Inc. (NYSE:OUT) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.18 per share.
For the full year, analysts predict revenues of $ 1254.32 million, while looking forward to loss of $ 0.5 per share.
Previous Quarter Performance
OUTFRONT Media Inc. announced loss for the second quarter of $ 0.37 per share, from the revenue of $ 232.90 million. According to street consensus, OUT was expected to report 2Q20 loss of $ 0.36 per share from revenue of $ 237.82 million. The bottom line results missed street analysts by $ 0.01 or 2.78 percent, at the same time, top line results fell short of analysts by $ 4.92 million or 2.07 percent.
Stock Performance
Shares of OUTFRONT Media Inc. traded up $ 0.91 or 6.78 percent on Tuesday, reaching $ 14.33 with volume of 7.04 million shares. OUTFRONT Media Inc. has traded high as $ 14.50 and has cracked $ 13.58 on the downward trend
According to the previous trading day, closing price of $ 14.33, representing a 89.82 % increase from the 52 week low of $ 7.07 and a 56.99 % decrease over the 52 week high of $ 31.20.
The company has a market capital of $ 2.07 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 25th September 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 18.00 target price.
Conference Call
OUTFRONT Media Inc. will be hosting a conference call at 4:30 PM eastern time on 4th 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.outfrontmedia.com
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
