Preview: Outfront Media's Earnings

Outfront Media (NYSE:OUT) is set to give its latest quarterly earnings report on Tuesday, 2024-11-12. Here's what investors need to know before the announcement.

Analysts estimate that Outfront Media will 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.

Performance in Previous Earnings

Last quarter the company missed EPS by $0.04, which was followed by a 6.32% increase in the share price the next 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%

Performance of Outfront Media Shares

Shares of Outfront Media were trading at $17.67 as of November 08. Over the last 52-week period, shares are up 45.07%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Outfront Media

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Outfront Media.

The consensus rating for Outfront Media is Outperform, derived from 2 analyst ratings. An average one-year price target of $20.0 implies a potential 13.19% upside.

Analyzing Analyst Ratings Among Peers

This comparison focuses on the analyst ratings and average ...