Analysts anticipate Lamar Advertising to report an earnings per share (EPS) of $1.45.
The announcement from Lamar Advertising is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Historical Earnings Performance
The company's EPS missed by $0.04 in the last quarter, leading to a 1.0% drop in the share price on the following day.
Here's a look at Lamar Advertising's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
1.38
0.81
1.35
1.38
EPS Actual
1.34
0.76
1.46
1.37
Price Change %
-1.0%
-3.0%
-2.0%
3.0%
Stock Performance
Shares of Lamar Advertising were trading at $132.14 as of November 06. Over the last 52-week period, shares are up 45.67%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analyst Views on Lamar Advertising
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Lamar Advertising.
Analysts have given Lamar Advertising a total of 2 ratings, with the consensus rating being Buy. The average one-year price target is $136.0, indicating a potential 2.92% upside.
Analyzing Ratings Among Peers
In this analysis, we delve into the analyst ratings and average 1-year price targets ...
