Lamar Advertising Company Earnings: Margins Rise with Revenues

Lamar Advertising Company (NASDAQ:LAMR) reported its results for the first 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 First Quarter

Results: Loss widened to $22.8 million (25 cents per diluted share) from $13.2 million (loss of 14 cents per share) in the same quarter a year earlier.

Revenue: Rose 4.3% to $266.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lamar Advertising Company fell short of the mean analyst estimate of a loss of 14 cents per share. Analysts were expecting revenue of $264.7 million.

Key Stats:

Revenue has increased for four quarters in a row. Revenue increased 4.6% to $288.2 million in the fourth quarter of the last fiscal year. The figure rose 3.7% in the third quarter of the last fiscal year from the year earlier and climbed 2.4% in the second quarter of the last fiscal year from the year-ago quarter.

LAMR ended a three-quarter streak of profits when it reported a loss in the latest quarter. The company reported a profit of $6.4 million in the fourth quarter of the last fiscal year, a profit of $4 million in the third quarter of the last fiscal year and $11.4 million in the second of the last fiscal year.

The company fell short of estimates last quarter after beating the mark the quarter before with net income of 7 cents versus a mean estimate of 0 cents per share.

Looking Forward: For next quarter, analysts have a more positive outlook about the company’s expected results. The average estimate for the second quarter is 16 cents per share, up from 15 cents ninety days ago. For the fiscal year, the average estimate has moved up from 22 cents a share to 26 cents over the last ninety days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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