Clear Channel Outdoor Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Clear Channel Outdoor Holdings met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP loss per share expanded.
Gross margins grew, operating margins grew, net margins contracted.
Clear Channel Outdoor Holdings chalked up revenue of $650.2 million. The six analysts polled by S&P Capital IQ wanted to see net sales of $654.9 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 -$0.22. The five earnings estimates compiled by S&P Capital IQ predicted -$0.14 per share. GAAP EPS were -$0.22 for Q1 against -$0.15 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 40.4%, 90 basis points better than the prior-year quarter. Operating margin was -0.2%, 110 basis points better than the prior-year quarter. Net margin was -11.4%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $770.3 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $3.01 billion. The average EPS estimate is -$0.11.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 84 members out of 119 rating the stock outperform, and 35 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 $5.80.
Looking for alternatives to Clear Channel Outdoor Holdings? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Clear Channel Outdoor Holdings to My Watchlist.