Lamar Advertising Company (NASDAQ:LAMR) real estate investment trust, is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.51 per share.
Looking ahead, the full year income are expected at $ 1.85 per share on the revenues of $ 1524.20 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.55 ~ $ 1.93 per share
Click Here For More Historical Outlooks Of Lamar Advertising Company
Previous Quarter Performance
Lamar Advertising Company announced income for the second quarter of $ 0.31 per share, from the revenue of $ 347.65 million. The quarterly earnings 73.73 percent while revenues fell 22.53 percent compared with the same quarter last year.
According to street consensus, LAMR was expected to report 2Q20 income of $ 0.38 per share from revenue of $ 367.30 million. The bottom line results missed street analysts by $ 0.07 or 18.42 percent, at the same time, top line results fell short of analysts by $ 19.65 million or 5.35 percent.
Stock Performance
Shares of Lamar Advertising Company traded up $ 1.92 or 2.78 percent on Wednesday, reaching $ 70.98 with volume of 1.42 million shares. Lamar Advertising Company has traded high as $ 72.54 and has cracked $ 66.80 on the downward trend
The closing price of $ 70.98, representing a 123.57 % increase from the 52 week low of $ 30.89 and a 28.67 % decrease over the 52 week high of $ 96.82.
The company has a market capital of $ 7.16 billion and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
Lamar Advertising Company will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lamar.com
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 3,400 displays.
