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-0.000532481363152373 -0.00159744408945693 -0.00159744408945693 -0.00292864749733758 0.00159744408945693 -0.00745473908413209 -0.00319488817891367 -0.00424920127795521
Stock impact report

OUTFRONT Media's Q3 AFFO Beats Estimates, Revenues Miss [Yahoo! Finance]

OUTFRONT Media Inc. (OUT) 
Last outfront media inc. earnings: 2/25 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Adjusted funds from operations (AFFO) per share of 48 cents surpassed the Zacks Consensus Estimate of 43 cents. The metric increased 4.3% from the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Results reflect higher average revenue per display (yield) across its portfolio and lower operating expenses. However, quarterly revenues came in at $451.9 million, which missed the Zacks Consensus Estimate marginally. Revenues also declined marginally from the previous year's quarter number of $454.8 million. According to Jeremy Male, chairman and CEO of OUTFRONT Media, “The strength of our U.S. Media business accelerated slightly in the third quarter, with 5% revenue growth and 11% Adjusted OIBDA growth”. He added, “2024 has been a solid year thus far, and we are on track to achieve the high-end of our full-year Consolidated AFFO growth target.” During the reported quarter, billboard revenues were $360.6 million, reflecting a year-over-y Show less Read more
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