Earnings Estimates Moving Higher for Lamar Advertising (LAMR): Time to Buy? - Tale of the Tape
March 11 2014 - 9:00AM
Zacks
Lamar Advertising Co. (LAMR) is
an outdoor advertising services provider that could be an
interesting play for investors. That is because, not only does the
stock have decent short-term momentum, but it is seeing solid
activity on the earnings estimate revision front as well.
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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