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

Lamar Advertising

08/08/2024 14:32

* Lamar Advertising Co  LAMR.OQ  reported quarterly adjusted
earnings of $1.34​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $1.28.  The mean expectation of five analysts
for the quarter was for earnings of $1.37 per share. Wall Street
expected results to range from $1.32  to $1.42 per share.
    * Revenue rose 4.5% to $565.25 million from a year ago;
analysts
expected $565.03 million. 
    * Lamar Advertising Co's reported EPS for the quarter was
$1.34​.
    * The company reported quarterly net income of $137.28
million.
    * Lamar Advertising Co shares had fallen by 4.6% this
quarter and
gained 7.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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," 5
"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 $125.00 
This summary was machine generated from LSEG data August 8 at
01:32 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
 Jun. 30 2024      1.37           1.34           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