Clear Channel Outdoor (CCO) Reports Q1 Loss, Lags Revenue Estimates

Core Insights - Clear Channel Outdoor reported a quarterly loss of $0.11 per share, better than the Zacks Consensus Estimate of a loss of $0.13, and an improvement from a loss of $0.17 per share a year ago, indicating a 15.38% earnings surprise [1] - The company posted revenues of $334.18 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.18%, and down from $481.75 million year-over-year [2] - Clear Channel Outdoor shares have declined approximately 28.2% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] Earnings Outlook - The earnings outlook for Clear Channel Outdoor is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.06 on revenues of $387.56 million, and -$0.24 on revenues of $1.57 billion for the current fiscal year [7] - The company's Zacks Rank is currently 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6] Industry Context - The Advertising and Marketing industry, to which Clear Channel Outdoor belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]