Clear Channel Sees Q3 Revenues Of $542M-$567M Vs. $550.45M Estimate; Projects FY24 Revenues Of $2.215B-$2.275B Vs. $2.25B Estimate (Prior View: $2.20B-$2.26B)
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor Holdings, Inc. (CCO) has provided its Q3 revenue guidance of $542M-$567M, which is slightly below the consensus estimate of $550.45M. For FY24, the company projects revenues of $2.215B-$2.275B, compared to the previous estimate of $2.25B.
August 07, 2024 | 10:10 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Clear Channel Outdoor Holdings, Inc. (CCO) has provided its Q3 revenue guidance of $542M-$567M, which is slightly below the consensus estimate of $550.45M. For FY24, the company projects revenues of $2.215B-$2.275B, compared to the previous estimate of $2.25B.
The Q3 revenue guidance is slightly below the consensus estimate, which may cause some short-term uncertainty among investors. However, the FY24 revenue projection is within the expected range, which could mitigate some concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100