OUTFRONT Media(OUT)

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OUTFRONT Media Gains 22% in 6 Months: Will the Trend Last?
ZACKS· 2024-11-18 17:51
Shares of OUTFRONT Media (OUT) have gained 21.9% in the past six months, outperforming its industry’s growth of 10.7%.This New York-based advertising real estate investment trust’s (REIT) diverse portfolio of advertising sites and large-scale presence, efforts to bolster its digital presence and strategic acquisitions over the years have enabled it to ride the growth curve so far.This month, the company reported third-quarter 2024 adjusted funds from operations per share of 48 cents, which surpassed the Zac ...
OUTFRONT Media's Q3 AFFO Beats Estimates, Revenues Miss
ZACKS· 2024-11-14 16:05
OUTFRONT Media Inc. (OUT) shares have risen 3.6% following its third-quarter 2024 results announced on Nov. 12. Adjusted funds from operations (AFFO) per share of 48 cents surpassed the Zacks Consensus Estimate of 43 cents. The metric increased 4.3% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect higher average revenue per display (yield) across its portfolio and lower operating expenses.However, quarterly revenues came in at $451.9 millio ...
OUTFRONT Media(OUT) - 2024 Q3 - Quarterly Report
2024-11-12 21:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36367 OUTFRONT Media Inc. (Exact name of registrant as specified in its charter) Maryland 46-4494703 (Sta ...
Outfront Media (OUT) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-12 16:00
Outfront Media (OUT) reported $451.9 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.6%. EPS of $0.48 for the same period compares to $0.09 a year ago.The reported revenue represents a surprise of -0.60% over the Zacks Consensus Estimate of $454.63 million. With the consensus EPS estimate being $0.43, the EPS surprise was +12.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...
Outfront Media (OUT) Q3 FFO Top Estimates
ZACKS· 2024-11-12 14:16
Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 12.33%. A quarter ago, it was expected that this billboard, transit and digital display advertising company would post FFO of $0.46 per share when it actually produced FFO of $0.49, delivering a surprise of ...
OUTFRONT Media Reports Third Quarter 2024 Results
Prnewswire· 2024-11-12 12:01
Revenues of $451.9 millionOperating income of $71.3 millionNet income attributable to OUTFRONT Media Inc. of $34.6 millionAdjusted OIBDA of $117.1 millionAFFO attributable to OUTFRONT Media Inc. of $80.8 millionSpecial dividend of $0.75 per share, payable December 31, 2024NEW YORK, Nov. 12, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended September 30, 2024."The strength of our U.S. Media business accelerated slightly in the third quarter, with 5% revenue gro ...
OUTFRONT Media Announces Special Dividend
Prnewswire· 2024-11-12 12:00
NEW YORK, Nov. 12, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that its board of directors (the "Board of Directors") has approved a special dividend of $0.75 per share on the Company's common stock, $0.01 par value per share (the "Common Stock"), payable on December 31, 2024, to stockholders of record at the close of business on November 15, 2024. This special dividend represents the projected balance of 100% of the Company's 2024 distributable real estate investment trust ("REIT" ...
Countdown to Outfront Media (OUT) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-11-07 15:21
Wall Street analysts expect Outfront Media (OUT) to post quarterly earnings of $0.43 per share in its upcoming report, which indicates a year-over-year decline of 6.5%. Revenues are expected to be $454.63 million, unchanged compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's ...
Should You Retain OUFRONT Media Stock in Your Portfolio Now?
ZACKS· 2024-10-18 15:55
OUTFRONT Media (OUT) enjoys a diversified portfolio of advertising sites, geography and industry-wise, in some of the key markets of the United States. Its efforts to expand the out-of-home (OOH) advertising platform bode well for long-term growth. Strategic investments in the digital billboard portfolio are encouraging. However, fluctuations in advertising expenditures amid a slowdown in the economy are likely to hurt its topline growth and operating results. Analysts seem bullish on this REIT carrying a Z ...
OUTFRONT Media To Report 2024 Third Quarter Results on November 5, 2024
Prnewswire· 2024-10-17 19:00
NEW YORK, Oct. 17, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended September 30, 2024 after the market closes on Tuesday, November 5, 2024. The earnings announcement will be available in the Investor Relations section of the Company's website, www.outfront.com. The Company will host a conference call to discuss the results on Tuesday, November 5, 2024 at 4:30 p.m. Eastern Time. The conference call number is 833-470-1428 (U.S. call ...