Clear Channel Outdoor Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Clear Channel Outdoor Holdings Inc CCO.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -19 cents. The mean expectation of five analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -14 cents to -10 cents per share.

• Revenue fell 30.6% to $334.18 million from a year ago; analysts expected $337.22 million.

• Clear Channel Outdoor Holdings Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $62.51 million.

• Clear Channel Outdoor Holdings Inc shares had fallen by 11.3% this quarter and lost 28.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the advertising & marketing peer group is also "hold"

• Wall Street's median 12-month price target for Clear Channel Outdoor Holdings Inc is $1.50

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)