Outfront Media Q2 EPS $(2.92) Misses $0.24 Estimate, Sales $468.80M Miss $472.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outfront Media reported Q2 losses of $(2.92) per share, missing the analyst consensus estimate of $0.24 by 1316.67 percent. This is a 1142.86 percent decrease over earnings of $0.28 per share from the same period last year. The company also reported quarterly sales of $468.80 million, missing the analyst consensus estimate of $472.70 million by 0.83 percent. This is a 4.13 percent increase over sales of $450.20 million the same period last year.

August 04, 2023 | 2:22 pm
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NEGATIVE IMPACT
Outfront Media's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Outfront Media's earnings per share and sales for Q2 both missed analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100