Overview

* OUTFRONT Media ( OUT ) Q2 revenue dips 3.6% yr/yr, missing analyst expectations

* Net income for Q2 declines 89% yr/yr, reflecting restructuring impact

* Company restructures sales function to drive future growth

Outlook

* Company expects SG&A expenses to decline through first half of 2026

Result Drivers

* RESTRUCTURING EFFORTS - Company restructured its sales function and leadership to drive future growth, per Interim CEO Nick Brien

* BILLBOARD SEGMENT - Revenue decreased due to lost billboards, partially offset by higher average revenue per display

* TRANSIT SEGMENT - Revenue increased due to higher average revenue per display, despite new and lost contracts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $460.20 $461.30

Revenue mln mln (6

Analysts

)

Q2 EPS $0.1

Q2 Net $19.50

Income mln

Q2 $85.30

Adjusted mln

FFO

Q2 FFO $70.40

mln

Q2 $56.20

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for OUTFRONT Media Inc ( OUT ) is $19.00, about 5.5% above its August 4 closing price of $17.95

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)