Lamar Advertising Co expected to post earnings of $1.45 a share - Earnings Preview

Lamar Advertising

06/11/2024 14:09

* Lamar Advertising Co  LAMR.OQ   LAMR.O  is expected
to show a
rise in quarterly revenue when it reports  results on November 8
for the period ending September 30 2024
    * The Baton Rouge Louisiana-based  company is expected to
report a
9.4% increase in revenue to $593.835 million from $542.61
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Lamar Advertising Co is
for
earnings of $1.45 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"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 128.50​, below​ its last closing price of $132.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.36        1.37       1.34      Missed  -2.2
 Mar. 31 0001  0.81        0.81       0.76      Missed  -6.6
 Dec. 31 2023  1.36        1.35       1.46      Beat    8​
 Sep. 30 2023  1.38        1.38       1.37      Missed  -1
 ​​Jun.        1.40        1.40       1.28      Missed  -8.6
 30 2023                                                
 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. 30 2022  1.40        1.39       1.44      Beat    3.4
 This summary was machine generated November 6 at 14:09 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)