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

Lamar Advertising

04/05/2023 14:31

* Lamar Advertising Co  LAMR.OQ  reported quarterly adjusted
earnings of 74 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 81 cents per share.
    * Revenue rose 4.4% to $471.33 million from a year ago;
analysts
expected $466.00 million. 
    * Lamar Advertising Co's reported EPS for the quarter was 74
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lamar Advertising Co shares had risen by 2.4% this
quarter and
gained 8.3% so far this year.
    * The company reported quarterly net income of $75.95
million.
    * Wall Street's median 12-month price target for Lamar
Advertising
Co is $113.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
4 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.81           0.74           Missed
 Dec. 31 2022      1.29           0.65           Missed
 Sep. 30 2022      1.39           1.44           Beat
 Jun. 30 2022      1.27           1.32           Beat