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Outfront Media (OUT) possesses solid growth attributes, which could help it handily outperform the market.
OUTFRONT Media (OUT) Q1 2024 results reflect a rise in billboard revenues. However, higher operating expenses and interest expense pose concerns.
The headline numbers for Outfront Media (OUT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.05 per share a year ago.
OUTFRONT Media's (OUT) geographically diversified advertising sites and strategic investments in its digital billboard portfolio are likely to aid its performance.
NEW YORK , April 8, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended March 31, 2024 after the market closes on Thursday, May 2, 2024. The earnings announcement will be available in the Investor Relations section of the Company's website, www.outfront.com.
Outfront Media Inc. has sold its Canadian business to BCE at a nice multiple. The base business of Outfront Media remains under pressure, with a decline in adjusted OIBDA despite a rise in revenues. Dividend coverage for Outfront Media is relatively weak, with free cash flow just around the dividend level.
Outfront Media should benefit from falling interest rates and a rebound in the ad market. The digital out-of-home ad market is expected to grow by double digits over the next several years.
OUTFRONT Media's (OUT) diverse portfolio of advertising sites and strategic investments for digital billboard conversions augur well.
OUTFRONT Media (OUT) announces expansion of programmatic transit advertising in New York City's MTA system, creating America's largest programmatically available full-motion transit network.