What's Next: Lamar Advertising's Earnings Preview

Lamar Advertising (NASDAQ:LAMR) is preparing to release its quarterly earnings on Friday, 2024-11-08. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect 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.

Earnings History Snapshot

In the previous earnings release, the company missed EPS by $0.04, leading to a 1.0% drop in the share price the following trading session.

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%

Performance of Lamar Advertising Shares

Shares of Lamar Advertising were trading at $132.14 as of November 06. Over the last 52-week period, shares are up 45.7%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Lamar Advertising

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Lamar Advertising.

With 2 analyst ratings, Lamar Advertising has a consensus rating of Buy. The average one-year price target is $136.0, indicating a potential 2.92% upside.

Comparing Ratings Among ...