|Bid||0.0000 x 3000|
|Ask||0.0000 x 1800|
|Day's Range||2.4800 - 2.5200|
|52 Week Range||0.8700 - 3.0500|
|Beta (5Y Monthly)||2.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 08, 2021 - Nov. 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.05|
Good morning, and thank you for joining Clear Channel Outdoor Holdings' 2021 Second Quarter Earnings Call. On the call today are William Eccleshare, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc.; and Brian Coleman, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., who will provide an overview of the second quarter 2021 operating performance of Clear Channel Outdoor Holdings, Inc. and Clear Channel International BV.
Shares of Clear Channel Outdoor (NYSE: CCO) are climbing today after the outdoor advertising company posted better results than investors expected. Clear Channel, the world's largest outdoor advertising company, is benefiting from a similar recovery in ad demand that digital platforms are seeing. Revenue in the quarter jumped 68.6% to $531.1 million, easily beating analysts' consensus estimate of $496.4 million.
Clear Channel Outdoor (CCO) delivered earnings and revenue surprises of -12.50% and 6.97%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?