Outfront Media Q3 EPS $0.90 Beats $0.13 Estimate, Sales $454.80M Miss $460.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outfront Media reported Q3 earnings of $0.90 per share, beating the analyst consensus estimate of $0.13 by 592.31%. This is a 291.3% increase from the same period last year. However, the company's quarterly sales of $454.80 million missed the analyst consensus estimate of $460.87 million by 1.32%.
November 02, 2023 | 8:51 pm
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Outfront Media's Q3 earnings significantly beat estimates, but sales slightly missed expectations.
Outfront Media's earnings beat could potentially boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100