NYSE$OUT

Outfront Media Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a strong recovery with revenue growth exceeding 40%. Billboard revenue surpassed 2019 levels, and transit revenue sharply accelerated.

OUTFRONT Media Inc. reported revenues of $399.2 million, operating income of $65.0 million, and net income attributable to OUTFRONT Media Inc. of $33.1 million, or $0.18 per diluted share for Q3 2021.

  • Revenues of $399.2 million.
  • Operating income of $65.0 million.
  • Net income attributable to OUTFRONT Media Inc. of $33.1 million, $0.18 per diluted share
  • Adjusted OIBDA of $108.1 million

Headline financials

Total Revenue

$399M

Previous: $282M+41.4%
EPS (adj)

$0.18

Previous: -$0.14+228.6%
Adjusted OIBDA

$108M

Previous: $68.5M+57.8%
AFFO

$79M

Previous: $27.7M+185.2%
Capital Expenditures

-$41.2M

Previous: -$42M+1.9%
Free Cash Flow

-$8.1M

Previous: -$55.5M+85.4%
Net Income

$33.1M

Previous: -$13.5M+345.2%
Operating Income

$65M

Previous: $25.1M+159.0%
Gross Profit

$199M

Previous: $127M+57.6%
Cash & Equivalents

$510M

Previous: $691M-26.1%
Total Assets

$5.78B

Previous: $5.87B-1.5%
Stock-Based Comp

$7.2M

Previous: $5.4M+33.3%

Revenue & EPS history

Outfront Media · Revenue · Quarterly

$399M

Q3 2021+41.4%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Outfront Media · $422M total across 3 segments · Q3 2021

  • Billboard
    $317M
  • Transit
    $81.8M
  • Other
    $23M+39.4%

Forward guidance

The company expects its key performance indicators and total revenues to incrementally improve throughout the remainder of 2021 as compared to 2020, but be materially lower in 2021 than pre-COVID-19 pandemic levels.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.4%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.0%

Avg return

30 days after

55%

29 / 53 earnings

Positive

+22.4%

Q3 2023

Best reaction

-17.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-2.5%
Q4 2025+5.9%+7.0%-4.5%
Q3 2025+13.6%+21.9%+32.3%
Q1 2025-2.5%+5.0%+5.8%
Q4 2024+0.6%+1.4%-11.0%
Q3 2024+3.6%-0.8%+4.2%
Q2 2024+7.6%+8.3%+20.8%
Q1 2024-7.4%-7.2%-11.3%
Q4 2023+18.5%+18.7%+28.2%
Q3 2023+22.4%+21.4%+32.4%
Q2 2023-17.7%-21.4%-22.7%
Q1 2023-9.1%-10.8%-10.6%
Q4 2022-5.3%-5.9%-19.0%
Q3 2022-5.5%-5.0%+6.3%
Q2 2022-2.1%+3.1%-5.3%
Q1 2022-5.6%-10.0%-19.6%
Q4 2021+6.6%+7.8%+15.9%
Q3 2021+6.0%+2.6%-8.3%
Q2 2021+8.4%+6.3%+6.3%
Q1 2021-5.3%-0.4%-4.0%
Q4 2020-6.9%-4.3%+1.5%
Q3 2020+8.9%+27.4%+41.3%
Q2 2020+2.1%+5.1%+13.5%
Q1 2020+0.8%-20.8%+35.0%
Q4 2019-3.5%-11.8%-57.2%
Q3 2019-5.4%-6.1%-5.3%
Q2 2019+0.5%+3.6%+2.3%
Q1 2019+3.1%+4.4%+5.7%
Q4 2018+2.7%+5.4%+6.9%
Q3 2018+11.7%+15.5%+14.0%
Q2 2018-10.6%-11.2%-4.1%
Q1 2018+2.3%+4.0%+5.0%
Q4 2017-7.7%-9.3%-15.6%
Q3 2017+2.1%+3.0%-1.2%
Q2 2017+1.6%+0.0%-1.4%
Q1 2017-10.1%-9.8%-12.4%
Q4 2016-8.6%-4.8%-3.8%
Q3 2016+7.5%+1.9%+18.6%
Q2 2016-3.0%-3.1%-2.7%
Q1 2016-2.0%
Q4 2015+0.5%
Q3 2015+0.4%
Q2 2015-6.5%
Q1 2015-3.2%
Q4 2012-3.4%
Q4 2014-3.4%
Q3 2014+0.8%
Q3 2013+0.8%
Q2 2014-2.6%
Q2 2013-2.6%
Q1 2013+5.7%
Q1 2014+5.7%
Q4 2013+5.7%
Q3 2012
Q2 2012
Q1 2012

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