Clear Channel Outdoor Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Clear Channel Outdoor Holdings Inc CCO.N reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of five analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -7 cents to -2 cents per share.

• Revenue fell 27.9% to $402.81 million from a year ago; analysts expected $398.97 million.

• Clear Channel Outdoor Holdings Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $9.52 million.

• Clear Channel Outdoor Holdings Inc shares had fallen by 6.0% this quarter and lost 19.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy."

• Wall Street's median 12-month price target for Clear Channel Outdoor Holdings Inc is $1.50, about 26.7% above its last closing price of $1.10

This summary was machine generated from LSEG data August 5 at 01:32 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)