Clear Channel Outdoor Earnings Perspective: Return On Capital Employed
Clear Channel Outdoor (NYSE:CCO) brought in sales totaling $525.69 million during Q1 according to data provided by Benzinga Pro. However, earnings decreased 236.94%, resulting in a loss of $89.73 million.
Morgan Stanley Maintains Equal-Weight on Clear Channel Outdoor, Lowers Price Target to $2.5
Morgan Stanley analyst Benjamin Swinburne maintains Clear Channel Outdoor (NYSE:CCO) with a Equal-Weight and lowers the price target from $3.75 to $2.5.
Clear Channel Outdoor Q1 Sales $525.69M Miss $537.55M Estimate
Clear Channel Outdoor (NYSE:CCO) reported quarterly sales of $525.69 million which missed the analyst consensus estimate of $537.55 million by 2.21 percent. This is a 41.73 percent increase over sales of $370.91 million
Earnings Scheduled For May 10, 2022
Companies Reporting Before The Bell
• The Middleby (NASDAQ:MIDD) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million.
Earnings Scheduled For May 5, 2022
Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Looking Into Clear Channel Outdoor’s Return On Capital Employed
According to Benzinga Pro, during Q4, Clear Channel Outdoor (NYSE:CCO) earned $65.53 million, a 260.65% increase from the preceding quarter. Clear Channel Outdoor also posted a total of $742.71 million in sales, a 24.53% increase since Q3.
Clear Channel Outdoor Q4 Net Income $32.392M vs $11.177M In Same Qtr. Last Year, Sales $742.71M Beat $741.45M Estimate
Clear Channel Outdoor (NYSE:CCO) reported quarterly sales of $742.71 million which beat the analyst consensus estimate of $741.45 million by 0.17 percent. This is a 37.19 percent increase over sales of $541.39 million