Outfront Media Q2 2024 Adj. EPS $0.18 Misses $0.21 Estimate, Sales $477.300M Miss $483.602M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outfront Media (NYSE:OUT) reported Q2 2024 adjusted EPS of $0.18, missing the analyst estimate of $0.21 by 14.29%. Sales were $477.3M, missing the $483.602M estimate by 1.30%, but up 1.81% from last year's $468.8M.
August 06, 2024 | 9:12 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Outfront Media's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $0.18 vs. $0.21 expected and sales at $477.3M vs. $483.602M expected. Despite the misses, sales increased by 1.81% year-over-year.
The earnings and sales misses are likely to negatively impact Outfront Media's stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100