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OUTFRONT Media Names Industry Veteran Nick Brien Interim CEO to Guide the Company's Next Chapter of Strategic Growth and Innovation
Prnewswire· 2025-02-04 12:59
Core Insights - OUTFRONT Media Inc. has appointed Nick Brien as Interim Chief Executive Officer effective February 10, 2025, to lead the company through a transition period and drive innovation and growth [1][2] - Brien brings extensive experience from senior leadership roles in major advertising firms and a strong background in ad technology, positioning him well to enhance OUTFRONT's strategic importance in the out-of-home advertising industry [3][4] Company Leadership Transition - The leadership change follows the retirement of Jeremy Male, who significantly transformed CBS Outdoor Americas into OUTFRONT Media and led the company through a successful IPO, establishing it as a leader in the out-of-home advertising sector [4][5] - Brien's appointment is part of a broader search for permanent leadership, with the Board considering him alongside other candidates while ensuring a smooth transition [5] Strategic Focus - Under Brien's leadership, OUTFRONT aims to leverage the evolving out-of-home medium as a digital channel, enhancing brand engagement and campaign performance through technology and creativity [4][6] - The company is committed to amplifying brand awareness and measurable performance while continuing to deliver value to stakeholders [6][7]
OUTFRONT Media Spotlights Black Creativity with Renewed Ad Age Collaboration and 'Moments in Culture' Campaign
Prnewswire· 2025-02-03 17:29
Core Insights - OUTFRONT Media is partnering with Ad Age for the third consecutive year to celebrate Black Creative Excellence, featuring a special essay and a panel discussion [1] - The company is launching a Moments in Culture OOH campaign in collaboration with Artsy, focusing on emerging Black artists during Black History Month [2] - OUTFRONT aims to honor Black creativity and culture through its initiatives, reinforcing its commitment to amplifying diverse voices [3] Company Initiatives - The Celebrating Black Creative Excellence feature will include a panel discussion with industry leaders, taking place on February 26 at OUTFRONT's headquarters [1] - The Moments in Culture campaign will showcase works from Black-owned galleries across various transit environments in major cities, including NYC, Miami, and San Francisco [2] - OUTFRONT's initiatives are designed to engage communities and foster understanding of Black American cultural heritage throughout February [3] Company Overview - OUTFRONT Media utilizes technology, location, and creativity to connect brands with consumers through a diverse range of advertising assets [4]
OUTFRONT Media To Report 2024 Fourth Quarter and Full Year Results on February 25, 2025
Prnewswire· 2025-01-31 19:00
Company Announcement - OUTFRONT Media Inc. will report its fiscal year and quarter results for the period ended December 31, 2024, after market close on February 25, 2025 [1] - A conference call to discuss the results will be held on February 25, 2025, at 4:30 p.m. Eastern Time, with specific call numbers provided for U.S. and international callers [2] Company Overview - OUTFRONT Media Inc. utilizes technology, location, and creativity to connect brands with consumers through a diverse range of billboard, transit, and mobile advertising assets in the United States [3] - The company's technology platform aims to transform how advertisers engage with audiences on-the-go [3]
Sell Alert: 2 REITs Getting Risky
Seeking Alpha· 2025-01-28 12:05
Group 1 - REITs (VNQ) are currently trading at decade-low valuations, presenting a significant investment opportunity as rent growth is expected to accelerate and interest rates remain favorable [1] - The leader of the investing group High Yield Landlord shares a real-money REIT portfolio and transactions in real-time, providing insights into investment strategies [1] - Jussi Askola, President of Leonberg Capital, is noted for his expertise in REIT investing, having authored award-winning academic papers and built relationships with top REIT executives [1]
Here's Why OUTFRONT Media Stock is an Apt Portfolio Pick Now
ZACKS· 2025-01-20 18:30
Group 1: Company Overview - OUTFRONT Media has a well-diversified portfolio of advertising sites and a large-scale presence across major U.S. markets, which aids in stable revenue generation [1][2] - The company is transitioning from traditional static billboard advertising to digital displays, which supports digital revenue growth and expands advertising relationships [3][6] - OUTFRONT Media operates in an industry with high barriers to entry due to permitting restrictions, which helps support advertising rates and positions the company for long-term growth [5] Group 2: Industry Trends - Out-of-home (OOH) advertising is experiencing rapid growth and increasing its market share compared to other media forms, with lower advertising costs [4] - Technological advancements and fragmentation in other advertising media are facilitating a shift towards outdoor advertising [4] - Higher technology investments are expected to bolster OOH advertising, with the company expanding its footprint and offering unique technology platforms to marketers [6] Group 3: Competitive Landscape - The company faces competition from other outdoor advertisers, mobile and social media platforms, and various out-of-home media, which may impact its pricing power [9] - Despite competition, OUTFRONT Media's strategic expansions and digital initiatives are anticipated to drive revenue and operating income growth [3][6] Group 4: Performance Metrics - Over the past six months, OUTFRONT Media's shares have gained 19.5%, contrasting with a 3.2% decline in the industry [7]
Here's Why You Should Add OUTFRONT Media Stock to Your Portfolio Now
ZACKS· 2025-01-15 14:41
OUTFRONT Media (OUT) enjoys a diversified portfolio of advertising sites, both geographically 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 and ongoing efforts to convert its business from traditional static billboard advertising to digital displays will likely support its long-term growth.The Zacks Consensus Estimate for its 2024 f ...
Outfront Media (OUT) Loses -10.74% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-01-14 15:36
Outfront Media (OUT) has been on a downward spiral lately with significant selling pressure. After declining 10.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...
Outfront Media (OUT) Upgraded to Buy: Here's Why
ZACKS· 2024-12-27 18:00
Core Viewpoint - The recent upgrade of Outfront Media to a Zacks Rank 2 (Buy) reflects a positive earnings outlook, which is expected to lead to increased buying pressure and a rise in stock price [2][8]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate, which is a measure of EPS estimates from sell-side analysts, indicating a company's changing earnings picture [1]. - There is a strong correlation between changes in earnings estimates and near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [3][12]. - Over the past three months, the Zacks Consensus Estimate for Outfront Media has increased by 2.2%, indicating a positive trend in earnings estimates [13]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - Outfront Media's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting it is a solid candidate for market-beating returns in the near term [7][15]. Business Improvement Indicators - The upward trend in earnings estimates for Outfront Media implies an improvement in the company's underlying business, which should lead to higher stock prices as investors respond positively [11].
OUTFRONT Media Stock Rises 33% in 6 Months: Will the Trend Last?
ZACKS· 2024-12-18 17:40
Shares of OUTFRONT Media (OUT) have gained 32.6% in the past six months, outperforming its industry’s growth of 8.1%.This New York-based advertising real estate investment trust’s (REIT) diverse portfolio of advertising sites and large-scale presence, digital billboard conversions and strategic acquisitions over the years have enabled it to ride the growth curve so far.Analysts seem positive about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2024 FFO per share has been revised 1.8 ...
OUT or PSA: Which Is the Better Value Stock Right Now?
ZACKS· 2024-12-16 17:45
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Outfront Media (OUT) or Public Storage (PSA) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an ...