These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LAMR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Lamar Advertising could be a solid choice for investors.
Current Quarter Estimates for LAMR
In the past 30 days, 1 estimate moved up for Lamar Advertising but there was 1 downward revision. However, the consensus estimate trend has been pretty favourable, with estimates increasing from 3 cents a share 30 days ago, to 7 cents today, a move of 133.3%.
Current Year Estimates for LAMR
Meanwhile, Lamar Advertising’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to 2 downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 93 cents per share 30 days ago to $1.03 per share today, an increase of 10.8 %.
Bottom Line
The stock has also started to move higher lately, adding 7.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 Lamar Advertising stock to profit in the near future.
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