Lamar Advertising Co. Earnings Cheat Sheet: Increase in Profit Year Over Year

Lamar Advertising Company (NASDAQ:LAMR) reported its results for the third quarter. Lamar Advertising is an outdoor advertising company in the United States that operates three types of outdoor advertising displays: billboards, logo signs, and transit advertising displays.

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Lamar Advertising Company Earnings Cheat Sheet for the Third Quarter

Results: Net income for Lamar Advertising Company rose to $4 million (4 cents per share) vs. $781,000 (one cent per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter.

Revenue: Rose 3.7% to $296.7 million from the year earlier quarter.

Actual vs. Wall St. Expectations: LAMR fell short of the mean analyst estimate of 7 cents per share. Analysts were expecting revenue of $292.3 million.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 2.4% to $293.3 million in the second quarter. The figure rose 4.5% in the first quarter from the year earlier and climbed 5.1% in the fourth quarter of the last fiscal year from the year-ago quarter.

The company fell short of estimates last quarter after beating the mark the quarter before with net income of 12 cents versus a mean estimate of net income of 8 cents per share.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from a profit of 2 cents a share to a loss of one cent over the last ninety days. For the fiscal year, the average estimate has moved down from 5 cents a share to 3 cents over the last sixty days.

Competitors to Watch: Clear Channel Outdoor Hldgs., Inc. (NYSE:CCO), AirMedia Group Inc. (NASDAQ:AMCN), Focus Media Holding Ltd. (NASDAQ:FMCN), National CineMedia, Inc. (NASDAQ:NCMI), Omnicom Group Inc. (NYSE:OMC), Interpublic Group of Companies, Inc. (NYSE:IPG), VisionChina Media Inc (NASDAQ:VISN), ValueClick, Inc. (NASDAQ:VCLK), Inuvo, Inc. (AMEX:INUV), and interCLICK Inc (NASDAQ:ICLK).

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(Source: Xignite Financials)