Lamar Advertising Earnings: Here’s Why Shares are Down Now
Lamar Advertising Co. (NASDAQ:LAMR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.45%.
Lamar Advertising Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 46.67% to $0.22 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Rose 6.5% to $324.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lamar Advertising Co. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $323.8 million.
Key Stats (on next page)…
Revenue increased 14.54% from $283.48 million in the previous quarter. EPS increased to $0.22 in the quarter versus EPS of $-0.07 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.21 and has not changed. For the current year, the average estimate has moved down from a profit of $0.54 to a profit of $0.53 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)