Wall Street analysts forecast that Outfront Media (OUT) will report quarterly earnings of $0.28 per share in its upcoming release, pointing to a year-over-year increase of 100%. It is anticipated that revenues will amount to $419.85 million, exhibiting an increase of 7.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Outfront Media metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Organic revenues- Billboard' should arrive at $323.77 million. The estimate suggests a change of +4.2% year over year.
Analysts expect 'Organic revenues- Transit' to come in at $92.85 million. The estimate suggests a change of +19.5% year over year.
The average prediction of analysts places 'Organic revenues- Total' at $417.14 million. The estimate indicates a year-over-year change of +6.8%.
The consensus among analysts is that 'Depreciation and amortization' will reach $38.91 million.
View all Key Company Metrics for Outfront Media here>>>Over the past month, shares of Outfront Media have returned +13.1% versus the Zacks S&P 500 composite's +10.3% change. Currently, OUT carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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OUTFRONT Media Inc. (OUT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).