Lamar Advertising Co expected to post earnings of $1.35 a share - Earnings Preview

Lamar Advertising

21/02/2024 13:43

* Lamar Advertising Co  LAMR.OQ   LAMR.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
23 for the period ending December 31 2023
    * The Baton Rouge Louisiana-based  company is expected to
report a
2.3% increase in revenue to $547.666 million from $535.51
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Lamar Advertising Co is
for
earnings of $1.35 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lamar
Advertising
Co is $105.00​, below​ its last closing price of $107.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.38        1.38       1.37      Missed  -1
 Jun. 30 2023  1.40        1.40       1.28      Missed  -8.6
 Mar. 31 2023  0.79        0.81       0.74      Missed  -8.8​
 Dec. 31 2022  1.30        1.29       0.65      Missed  -49.7
 ​​Sep.        1.40        1.39       1.44      Beat    3.4
 30 2022                                                
 Jun. 30 2022  1.28        1.27       1.32      Beat    3.6​
 Mar. 31 2022  0.72        0.73       0.91      Beat    25.5
 Dec. 31 2021  1.18        1.18       1.21      Beat    2.5
 This summary was machine generated February 21 at 13:43 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)