Lamar Advertising Co expected to post earnings of 81 cents a share - Earnings Preview

Lamar Advertising

30/04/2024 19:03

* Lamar Advertising Co  LAMR.OQ   LAMR.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Baton Rouge Louisiana-based  company is expected to
report a
4.1% increase in revenue to $490.853 million from $471.33
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 81 cents 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 $116.00​, above​ its last closing price of $115.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.36        1.35       1.46      Beat    8
 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.        1.30        1.29       0.65      Missed  -49.7
 31 2022                                                
 Sep. 30 2022  1.40        1.39       1.44      Beat    3.4​
 Jun. 30 2022  1.28        1.27       1.32      Beat    3.6
 Mar. 31 2022  0.72        0.73       0.91      Beat    25.5
 This summary was machine generated April 30 at 18:03 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)