Core Insights - Outfront Media reported quarterly funds from operations (FFO) of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and up from $0.64 per share a year ago [1][2] - The company achieved an FFO surprise of 9.52% for the quarter, having surpassed consensus FFO estimates three times over the last four quarters [2] - Revenues for the quarter were $493.2 million, slightly above the Zacks Consensus Estimate by 0.64%, but down from $501.2 million year-over-year [3] Financial Performance - The FFO for the previous quarter was expected to be $0.44 per share, but the actual result was $0.49, resulting in a surprise of 11.36% [2] - The current consensus FFO estimate for the upcoming quarter is $0.15 on revenues of $399.83 million, and for the current fiscal year, it is $1.89 on revenues of $1.85 billion [8] Market Position - Outfront Media's shares have increased by approximately 0.3% since the beginning of the year, compared to a 1.7% gain in the S&P 500 [4] - The Zacks Industry Rank for REIT and Equity Trust - Other is in the bottom 46% of over 250 Zacks industries, indicating potential challenges for the sector [9] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future FFO expectations [4] - The estimate revisions trend for Outfront Media is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [7]
Outfront Media (OUT) Beats Q4 FFO and Revenue Estimates