Clear Channel Outdoor's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Clear Channel Outdoor (NYSE:CCO) reported Q1 sales of $545.43 million and a loss of $35.42 million. The company's return on capital employed (ROCE) was 0.01%, indicating effective capital allocation. Q1 earnings per share were -$0.07, beating analyst predictions of -$0.18.
May 24, 2023 | 2:46 pm
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Clear Channel Outdoor's Q1 results show effective capital allocation with a 0.01% ROCE. The company beat analyst EPS predictions, which may positively impact its stock price.
Clear Channel Outdoor's Q1 results indicate effective capital allocation with a 0.01% ROCE. This suggests that the company is operating efficiently and may achieve favorable long-term returns. Additionally, the company beat analyst EPS predictions, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100