Lamar Advertising (NASDAQ:LAMR) reported its Q1 earnings results on Thursday, May 5, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Lamar Advertising beat estimated earnings by 26.39%, reporting an EPS of $0.91 versus an estimate of $0.72.
Revenue was up $80.51 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 0.15% drop in the share price the next day.
Here's a look at Lamar Advertising's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.18 | 1.15 | 0.86 | |
| EPS Actual | 1.21 | 1.05 | 1.18 | 0.38 |
| Revenue Estimate | 473.38M | 458.94M | 427.83M | 362.25M |
| Revenue Actual | 494.57M | 476.89M | 445.05M | 370.88M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Lamar Advertising management provided guidance for FY 2022, expecting earnings between $4.88 and $4.96 per share.
To track all earnings releases for Lamar Advertising visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
