Lamar Advertising Co reports results for the quarter ended June 30 - Earnings Summary

• Lamar Advertising Co LAMR.OQ reported quarterly adjusted earnings of $1.52​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.34. The mean expectation of six analysts for the quarter was for earnings of $1.46 per share. Wall Street expected results to range from $1.41 to $1.50 per share.

• Revenue rose 2.5% to $579.31 million from a year ago; analysts expected $580.72 million.

• Lamar Advertising Co's reported EPS for the quarter was $1.52​.

• The company reported quarterly net income of $154.26 million.

• Lamar Advertising Co shares had risen by 2.8% this quarter and gained 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Lamar Advertising Co is $135.00, about 7.6% above its last closing price of $124.75

This summary was machine generated from LSEG data August 8 at 02:20 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)