Outfront Media: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Outfront Media (NYSE:OUT) reported Q4 earnings with an EPS of $0.35, missing estimates by 2.78% against an expected $0.36. Revenue increased by $6.50 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 11.42% the following day. The company's past earnings performance shows a pattern of not meeting EPS estimates.
February 21, 2024 | 9:40 pm
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NEUTRAL IMPACT
Outfront Media reported Q4 earnings with a slight miss on EPS estimates but showed an increase in revenue compared to the previous year.
Although OUT missed the EPS estimate, the increase in revenue and historical context of share price increase post-earnings miss suggests a neutral short-term impact. Investors may focus on revenue growth and past resilience in share price to earnings misses.
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