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OUTFRONT MEDIA INC. (REIT)

(OUT)
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Outfront Media: Q1 Earnings Snapshot

05/04/2021 | 05:47pm EDT

NEW YORK (AP) _ Outfront Media Inc. (OUT) on Tuesday reported a loss in a key measure in its first quarter.

The real estate investment trust, based in New York, said it had a funds from operations loss of $24.5 million, or 17 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $67.7 million, or 52 cents per share.

The billboard, transit and digital display advertising company, based in New York, posted revenue of $259.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $271.3 million.

The company's shares have increased 27% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.84, a climb of 75% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OUT at https://www.zacks.com/ap/OUT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 1 425 M - -
Net income 2021 -27,7 M - -
Net Debt 2021 2 656 M - -
P/E ratio 2021 -123x
Yield 2021 1,70%
Capitalization 3 439 M 3 439 M -
EV / Sales 2021 4,28x
EV / Sales 2022 3,55x
Nbr of Employees 2 072
Free-Float 98,6%
Chart OUTFRONT MEDIA INC. (REIT)
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Outfront Media Inc. (REIT) Technical Analysis Chart | MarketScreener
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Technical analysis trends OUTFRONT MEDIA INC. (REIT)
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 27,33 $
Last Close Price 23,63 $
Spread / Highest target 27,0%
Spread / Average Target 15,7%
Spread / Lowest Target 5,80%
EPS Revisions
Managers and Directors
NameTitle
Jeremy J. Male Chairman & Chief Executive Officer
Matthew Siegel Chief Financial Officer & Executive Vice President
Lowell Simpson Chief Information Officer & Executive VP
Steven Hillwig Executive Vice President-Operations
Peter Mathes Independent Director
Sector and Competitors