Lamar Advertising Company Third Quarter Earnings Sneak Peek

Lamar Advertising Company (NASDAQ:LAMR) will unveil its latest earnings on Thursday, November 3, 2011. 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.

Lamar Advertising Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 7 cents per share, a rise of sevenfold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. For the year, analysts are projecting profit of 3 cents per share, a swing from net loss of 25 cents last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the second quarter, the company reported net income of 12 cents per share versus a mean estimate of profit of 8 cents per share. In the first quarter, the company missed estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $292.3 million in revenue this quarter, a rise of 2.2% from the year ago quarter. Analysts are forecasting total revenue of $1.12 billion for the year, a rise of 2.8% from last year’s revenue of $1.09 billion.

Analyst Ratings: Analysts seem relatively indifferent about Lamar Advertising Company with seven of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $11.4 million (12 cents a share) from a loss of $8.9 million (10 cents) a year earlier, beating analyst estimates. Revenue rose 2.4% to $293.3 million from $286.4 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 4.5% in the first quarter from the year earlier, climbed 5.1% in the fourth quarter of the last fiscal year from the year-ago quarter and 5.3% in the third quarter of the last fiscal year.

Lamar Advertising Company’s profit last quarter followed losses in the previous two quarters. The company reported a loss of $13.2 million in the first quarter and a loss of $7.1 million in the fourth quarter of the last fiscal year.

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).

Stock Price Performance: During September 30, 2011 to October 28, 2011, the stock price had risen $5.64 (33.1%) from $17.03 to $22.67. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 6.4% (+$2.01) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 10.1% (-$2.74) over that span. Shares are down $17.17 (-43.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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