Clear Channel Outdoor Holdings (NYSE: CCO ) reported earnings on Feb. 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Clear Channel Outdoor Holdings met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. GAAP earnings per share shrank to a loss.
Gross margins were steady, operating margins grew, net margins shrank.
Clear Channel Outdoor Holdings chalked up revenue of $803.2 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $804.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.42. The five earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. GAAP EPS were -$0.42 for Q4 compared to $0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.1%, about the same as the prior-year quarter. Operating margin was 18.4%, 410 basis points better than the prior-year quarter. Net margin was -18.5%, 2,130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $661.5 million. On the bottom line, the average EPS estimate is -$0.14.
Next year's average estimate for revenue is $3.06 billion. The average EPS estimate is -$0.04.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 82 members out of 115 rating the stock outperform, and 33 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Clear Channel Outdoor Holdings a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clear Channel Outdoor Holdings is hold, with an average price target of $5.40.
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