Outfront Media (OUT)

NYSEReal EstateReit - SpecialtySnapshot 2026-10-23

$31.03-1.18%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Outfront Media’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	539.4M
EPS	—	0.463
Annual ending 2026-12-31
Revenue	—	2B
EPS	—	1.392
Annual ending 2027-12-31
Revenue	—	2.05B
EPS	—	1.482

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain net cash flow from operations near $75 million quarterly	Cash flow from operations improved strongly to $75.3M in Q1 2026.	Improving	Net cash flow from operations falls below $50 million in any quarter	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Net cash flow from operating activities increased from $100.7 million in first half 2025 to $183.7 million in first half 2026, an 82.4% increase. Quarterly cash flow also rose from $33.6 million in 2025-Q1 to $75.3 million in 2026-Q1. Management is delivering improved cash flow. Delivery assessment Oct 24, 2026
Maintain quarterly dividend of $0.30 per share	The company pays a steady $0.30 quarterly dividend.	Intact	Dividend cut below $0.30 per share in any quarter	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Sustain operating income above $55 million quarterly	Operating income rose from $13.9M to $55.9M in one year.	Intact	Operating income falls below $40 million in any quarter	Operating income: $116.1M FY2026-Q2; GAAP. Published target: >=55.9 million USD operating income. Target period is not explicitly aligned with this observation. Source published Aug 6, 2026116,100,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: e2c6561b-84d9-4439-905e-d806ef3017e5. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Operating income rose from $56.2 million in 2025-Q2 to $116.1 million in 2026-Q2, more than doubling. Similarly, it increased from $13.9 million in 2025-Q1 to $55.9 million in 2026-Q1. Management is delivering increased operating income. Delivery assessment Oct 24, 2026
Maintain revenue growth near 10% YoY	A primary condition in Outfront Media's published investment case. The stated target is >=5% YoY revenue growth.	Intact	YoY revenue growth falls below 5% next year	Revenue growth: 13.54% FY2026-Q2; GAAP. Published target: >=5% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Aug 6, 202613.537592 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: e2c6561b-84d9-4439-905e-d806ef3017e5. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenueUnavailable

$2.02B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$2,016,728,731	4 / 5
2026-07-25	Unavailable	$2,016,687,190	4 / 6
2026-07-26	Unavailable	$2,016,687,190	4 / 6
2026-07-27	Unavailable	$2,016,687,190	4 / 6
2026-07-28	Unavailable	$2,016,687,190	4 / 6
2026-07-29	Unavailable	$2,016,687,190	4 / 6
2026-07-30	Unavailable	$2,016,687,190	4 / 6
2026-07-31	Unavailable	$2,016,728,731	4 / 5
2026-08-01	Unavailable	$2,016,728,731	4 / 5
2026-08-02	Unavailable	$2,016,728,731	4 / 5
2026-08-03	Unavailable	$2,016,687,190	4 / 6
2026-08-04	Unavailable	$2,016,687,190	4 / 6
2026-08-05	Unavailable	$2,016,728,731	4 / 5
2026-08-06	Unavailable	$2,016,728,731	4 / 5
2026-08-07	Unavailable	$2,042,645,398	3 / 5
2026-08-08	Unavailable	$2,046,392,410	4 / 6
2026-08-09	Unavailable	$2,042,645,398	3 / 5
2026-08-10	Unavailable	$2,046,392,410	4 / 6
2026-08-12	Unavailable	$2,051,150,880	4 / 6
2026-08-13	Unavailable	$2,042,645,398	3 / 5
2026-08-14	Unavailable	$2,042,645,398	3 / 5
2026-08-15	Unavailable	$2,042,645,398	4 / 5
2026-08-16	Unavailable	$2,042,645,398	4 / 5
2026-08-17	Unavailable	$2,042,645,398	4 / 5
2026-08-18	Unavailable	$2,042,645,398	3 / 5
2026-08-19	Unavailable	$2,042,645,398	3 / 5
2026-08-20	Unavailable	$2,051,122,190	3 / 5
2026-08-21	Unavailable	$2,051,122,190	3 / 5
2026-08-22	Unavailable	$2,051,122,190	3 / 5
2026-08-23	Unavailable	$2,051,122,190	3 / 5
2026-08-24	Unavailable	$2,051,122,190	3 / 5
2026-08-25	Unavailable	$2,051,122,190	3 / 5
2026-08-26	Unavailable	$2,051,122,190	3 / 5
2026-08-27	Unavailable	$2,051,122,190	3 / 5
2026-08-28	Unavailable	$2,051,122,190	3 / 5
2026-08-29	Unavailable	$2,051,122,190	3 / 5
2026-08-30	Unavailable	$2,051,122,190	3 / 5
2026-08-31	Unavailable	$2,051,122,190	3 / 5
2026-09-01	Unavailable	$2,051,122,190	3 / 5
2026-09-02	Unavailable	$2,051,122,190	3 / 5
2026-09-03	Unavailable	$2,051,122,190	3 / 5
2026-09-04	Unavailable	$2,051,122,190	3 / 5
2026-09-05	Unavailable	$2,051,122,190	3 / 5
2026-09-06	Unavailable	$2,051,122,190	3 / 5
2026-09-07	Unavailable	$2,051,122,190	3 / 5
2026-09-08	Unavailable	$2,051,122,190	3 / 5
2026-09-09	Unavailable	$2,051,122,190	3 / 5
2026-09-10	Unavailable	$2,051,122,190	3 / 5
2026-09-11	Unavailable	$2,051,122,190	3 / 5
2026-09-12	Unavailable	$2,051,122,190	3 / 5
2026-09-13	Unavailable	$2,051,122,190	3 / 5
2026-09-14	Unavailable	$2,051,122,190	3 / 5
2026-09-15	Unavailable	$2,051,122,190	3 / 5
2026-09-16	Unavailable	$2,051,122,190	3 / 5
2026-09-17	Unavailable	$2,051,122,190	3 / 5
2026-09-18	Unavailable	$2,051,122,190	3 / 5
2026-09-19	Unavailable	$2,051,122,190	3 / 5
2026-09-20	Unavailable	$2,051,122,190	3 / 5
2026-09-21	Unavailable	$2,051,122,190	3 / 5
2026-09-22	Unavailable	$2,051,122,190	3 / 5
2026-09-23	Unavailable	$2,051,122,190	3 / 5
2026-09-24	Unavailable	$2,051,122,190	3 / 5
2026-09-25	Unavailable	$2,051,122,190	3 / 5
2026-09-26	Unavailable	$2,051,122,190	3 / 5
2026-09-27	Unavailable	$2,051,122,190	3 / 5
2026-09-28	Unavailable	$2,051,122,190	3 / 5
2026-09-29	Unavailable	$2,051,122,190	3 / 5
2026-09-30	Unavailable	$2,051,122,190	3 / 5
2026-10-01	Unavailable	$2,051,122,190	3 / 5
2026-10-02	Unavailable	$2,051,150,876	3 / 5
2026-10-03	Unavailable	$2,051,150,876	3 / 5
2026-10-04	Unavailable	$2,051,150,876	3 / 5
2026-10-05	Unavailable	$2,051,150,876	3 / 5
2026-10-06	Unavailable	$2,051,150,876	3 / 5
2026-10-07	Unavailable	$2,051,150,876	3 / 5
2026-10-08	Unavailable	$2,051,150,876	3 / 5
2026-10-09	Unavailable	$2,051,150,876	3 / 5
2026-10-10	Unavailable	$2,051,150,876	3 / 5
2026-10-11	Unavailable	$2,051,150,876	3 / 5
2026-10-12	Unavailable	$2,051,150,876	3 / 5
2026-10-13	Unavailable	$2,051,150,876	3 / 5
2026-10-14	Unavailable	$2,051,150,876	3 / 5
2026-10-15	Unavailable	$2,051,150,876	3 / 5
2026-10-16	Unavailable	$2,052,234,209	3 / 5
2026-10-17	Unavailable	$2,052,234,209	3 / 5
2026-10-18	Unavailable	Unavailable	3 / 4
2026-10-19	Unavailable	Unavailable	3 / 4
2026-10-20	Unavailable	Unavailable	3 / 4
2026-10-21	Unavailable	Unavailable	3 / 4
2026-10-22	Unavailable	Unavailable	3 / 4
2026-10-23	Unavailable	Unavailable	3 / 4
2026-10-24	Unavailable	Unavailable	3 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	6	1
2026-06-01	6	1
2026-07-01	6	1
2026-08-01	6	1
2026-09-01	6	1
2026-10-01	6	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 6 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain net cash flow from operations near $75 million quarterlyDirect metric needs a verified mapping
Maintain quarterly dividend of $0.30 per shareDirect metric needs a verified mapping
Sustain operating income above $55 million quarterlyOperating income: $116.1M
Maintain revenue growth near 10% YoYRevenue growth: 13.54%

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.7%Typical daily move · historical

Downside history

-18.4%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Outfront Media outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

OUT is a real estate business with a growth and income profile, rather than a turnaround story. Its long-term thesis is intact: revenue, operating income, and cash flow have improved, though management has been volatile and the sector backdrop is a headwind.

What's priced into Outfront Media

Valuation is neutral, and OUT trades at a 1.14 premium to peers, so it is not clearly cheap versus comparable companies. The expectations gap is 0.29 and the evidence labels what is priced in as unjustified, while fragility is low; the snapshot does not explain the market’s specific assumptions.

What the fundamentals likely do

Near term, the August earnings beat and stronger recent results support the business, while operating cash flow rose year over year in the first half of 2026. Management has delivered on its stated priorities, including raising the quarterly dividend, but a guidance cut at the next call is a meaningful risk.

What Outfront Media hinges on

Over the next one to three years, the thesis could gain support if the Fed begins cutting rates or if real estate peers continue to report strong results and raise guidance. It would weaken if OUT cuts guidance, as lower estimates could follow; the sector’s rate sensitivity and management execution remain important swing factors.