Back to top

Analyst Blog

Lamar Advertising Co. (LAMR - Analyst Report) reported strong third-quarter 2013 results with earnings per share rising 46% to 19 cents from the year-earlier quarter. The robust year-over-year increase in earnings is primarily attributable to top-line improvement. The reported earnings marginally beat the Zacks Consensus Estimate by a penny.

Net revenue for the reported quarter increased 5.5% year over year to $323.2 million. The reported revenues marginally beat the Zacks Consensus Estimate of $322 million.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the reported quarter was $147.6 million, up from $140.6 million in the comparable period last year.

At quarter-end, Lamar Advertising had 1,836 digital units in the air, compared with 1,785 units in the previous quarter. During the quarter, the company added 25 digital advertisements.

Cash Flow & Balance Sheet                      

Lamar Advertising had a liquidity of $425.7 million at the quarter-end, of which $243.0 million was available under its revolving senior credit facility and $182.7 million in cash and cash equivalents.

Free cash flow in the reported quarter was $87.8 million against $77.7 million in the year-ago quarter.


For the fourth quarter of 2013, management expects net revenue in the range of $314 million to $317 million, rising 0.5% to 1.5% on a pro forma basis.

Lamar Advertising has a Zacks Rank #3 (Hold). Other players in the industry worth considering include WPP plc (WPPGY - Analyst Report), Publicis Groupe SA (PUBGY) and Clear Channel Outdoor Holdings Inc. (CCO - Snapshot Report). All of these have a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%