Lamar Advertising Company 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. , AirMedia Group Inc. , Focus Media Holding Ltd. , National CineMedia, Inc. , Omnicom Group Inc. , Interpublic Group of Companies, Inc. , VisionChina Media Inc , ValueClick, Inc. , Inuvo, Inc. , and interCLICK Inc .
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)
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