Clear Channel Outdoor's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Clear Channel Outdoor (NYSE:CCO) is scheduled to release its quarterly earnings report on February 26, 2024, with an estimated EPS of $0.04. Historical data shows a pattern of share price movement following earnings announcements, with a notable drop after missing EPS estimates last quarter. Shares have risen 15.48% over the past 52 weeks, indicating a positive outlook among long-term shareholders.
February 23, 2024 | 3:02 pm
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Clear Channel Outdoor is expected to report an EPS of $0.04 for the upcoming quarter. Historical performance indicates potential share price movement post-earnings announcement.
Given Clear Channel Outdoor's history of share price movements following earnings announcements, especially after missing EPS estimates, there is a cautious outlook for the short term. However, the overall positive 52-week performance and anticipation of future guidance may balance investor sentiment.
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IMPORTANCE 90
RELEVANCE 100