Lamar Advertising Co reports results for the quarter ended in January - Earnings Summary

Lamar Advertising

02/05/2024 21:52

* Lamar Advertising Co  LAMR.OQ  reported quarterly adjusted
earnings of 76 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 74 cents.  The mean expectation of
four analysts for the quarter was for earnings of 81 cents per
share. Wall Street expected results to range from 76 cents to 85
cents per share.
    * Revenue rose 5.7% to $498.15 million from a year ago;
analysts
expected $490.85 million. 
    * Lamar Advertising Co's reported EPS for the quarter was 76
cents​.
    * Lamar Advertising Co shares had fallen by 1.6% this
quarter and
gained 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Lamar Advertising
Co is $116.00 
This summary was machine generated from LSEG data May 2 at 08:52
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.81           0.76           Missed
 Dec. 31 2023      1.35           1.46           Beat
 Sep. 30 2023      1.38           1.37           Missed
 Jun. 30 2023      1.40           1.28           Missed