Outfront Media Q1 2024 GAAP EPS $(0.18) Misses $(0.11) Estimate, Sales $408.500M Miss $411.348M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outfront Media (NYSE:OUT) reported Q1 2024 earnings with a GAAP EPS of $(0.18), missing the $(0.11) estimate, and sales of $408.5M, missing the $411.348M estimate. This represents a slight improvement over the previous year with a 5.26% decrease in losses per share and a 3.21% increase in sales.
May 02, 2024 | 8:42 pm
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Outfront Media reported Q1 2024 earnings with a GAAP EPS of $(0.18), missing estimates, and sales of $408.5M, also missing estimates. Despite this, there was a year-over-year improvement in both losses per share and sales.
Missing both EPS and sales estimates is likely to negatively impact investor sentiment in the short term, despite the year-over-year improvements. The significance of the earnings miss and the sales shortfall, although slight, suggests a potential negative short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100