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 ...

Group 1 - OUTFRONT Media Inc. has rescheduled its earnings report for the fiscal quarter ended September 30, 2024, to before the market opens on November 12, 2024 [1] - A conference call to discuss the results will take place on November 12, 2024, at 8:30 a.m. Eastern Time, with specific call numbers provided for U.S. and international callers [2] - The company utilizes technology, location, and creativity to connect brands with consumers through a diverse range of advertising assets, including billboards and transit [3]

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 ...

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 ...

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NEW YORK, Sept. 30, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT) is excited to announce that Scott Felenstein has been appointed as the Senior Vice President of Brand Partnerships, bringing over 30 years of extensive experience in advertising, digital media, and sales management. Felenstein joins OUTFRONT Media from National CineMedia (NCM), where he most recently held the role of President - Sales, Marketing & Partnerships. Felenstein, in his new role as Senior Vice President of Brand Partnerships, will ...

Core Viewpoint - OUTFRONT Media has experienced a significant stock price increase of 31.8% over the past three months, outperforming the industry growth of 17.7%, driven by its diverse advertising portfolio and strategic initiatives [1] Group 1: Company Performance - The Zacks Consensus Estimate for OUTFRONT Media's 2024 funds from operations (FFO) per share has been revised upward by 6.9% to $1.70 over the past two months [2] - The company has a geographically diverse portfolio of advertising sites, allowing clients to reach a national audience while tailoring campaigns to specific regions [3] - OUTFRONT Media serves various industries, including professional services, healthcare, and retail, contributing to less volatile revenues, with an estimated year-over-year revenue increase of 1.2% for 2024 [4] Group 2: Digital Transformation - The company is transitioning from traditional static billboard advertising to digital displays, which has expanded its advertising relationships and boosted digital revenues [5] - In the first half of 2024, OUTFRONT Media built or converted 46 new digital billboard displays and replaced 4,316 digital transit and other displays, indicating a strong growth trajectory [6] - The total number of digital billboard displays reached 1,906 by the end of Q2 2024, reflecting the benefits of strategic investments in this area [7] Group 3: Strategic Acquisitions - OUTFRONT Media is enhancing its portfolio through strategic acquisitions, having acquired assets worth approximately $7.6 million in the first half of 2024 and around $33.7 million in 2023 [8]

Core Viewpoint - OUTFRONT Media is positioned to benefit from its diversified advertising portfolio and strategic investments in digital billboards, although it faces challenges from competition and high expenses in a high interest rate environment [1]. Group 1: Company Strengths - OUTFRONT Media's advertising sites are geographically diversified, allowing clients to reach a national audience and tailor campaigns to specific regions, contributing to a projected 1.2% year-over-year revenue increase for 2024 [2]. - The company has made significant investments in its digital billboard portfolio, with total digital displays reaching 1,906 by the end of Q2 2024, leading to an expected 1% increase in billboard revenues for 2024 [3]. - Strategic acquisitions have been a focus, with the company acquiring assets worth approximately $7.6 million in H1 2024, $33.7 million in 2023, and $353.9 million in 2022, positioning it for long-term growth [4]. - Technological advancements and the cost-effectiveness of out-of-home advertising are driving rapid growth and increasing market share for OUTFRONT Media [5]. - The company's shares have risen 20.7% over the past three months, outperforming the industry growth of 18.4% [6]. Group 2: Company Challenges - OUTFRONT Media's revenues are sensitive to fluctuations in advertising expenditures and economic conditions, with expected near-term top-line growth impacts due to economic slowdown [8]. - The company anticipates significant equipment deployment costs and capital expenditures related to increasing its digital displays [8]. - A high interest rate environment is likely to elevate borrowing costs, impacting the company's ability to purchase or develop real estate, with total debt reported at $2.51 billion as of June 30, 2024, and a projected 1.2% increase in net interest expenses for 2024 [9]. - Competition from other outdoor advertisers and various media platforms may affect pricing power and profitability [10].

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks St ...

Ozgur Donmaz/DigitalVision via Getty Images Introduction/Overview OUTFRONT Media (NYSE:OUT) is a REIT that went public a little over a decade ago in March 2014. They use technology as a way for businesses to connect with their customers. This is done through multiple outlets such as billboards, transit, and mobile assets in the U.S. They also own smaller screens located primarily on subway and train cars in the New York Metropolitan Transportation Authority. The subway is a cheap, efficient, and quick way f ...