A Look at Outfront Media's Upcoming Earnings Report

Outfront Media (NYSE:OUT) will release its quarterly earnings report on Tuesday, 2024-11-05. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Outfront Media to report an earnings per share (EPS) of $0.18.

Anticipation surrounds Outfront Media's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.04, leading to a 6.32% increase in the share price on the subsequent day.

Here's a look at Outfront Media's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.22

-0.12

0.36

0.13

EPS Actual

0.18

-0.18

0.40

0.09

Price Change %

6.0%

-6.0%

19.0%

11.0%

Outfront Media Share Price Analysis

Shares of Outfront Media were trading at $17.77 as of November 01. Over the last 52-week period, shares are up 50.76%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Outfront Media

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Outfront Media.

The consensus rating for Outfront Media is Outperform, based on 2 analyst ratings. With an average one-year price target of $20.0, there's a potential 12.55% upside.

Peer Ratings Comparison

In this comparison, we explore the analyst ratings and average 1-year price targets ...