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Why Is Lamar Advertising (LAMR) Up 3% Since the Last Earnings Report?
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A month has gone by since the last earnings report for Lamar Advertising Company (LAMR - Free Report) . Shares have added nearly 3% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Lamar's Q4 FFO Beats Estimates, Revenues In Line
Lamar reported fourth-quarter 2016 adjusted FFO of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.21 and higher than the year-ago tally of $1.27.
Net revenue for the quarter increased 8.6% year over year to $386.7 million, almost in line with the Zacks Consensus Estimate.
For full-year 2016, adjusted FFO per share came in at $5, beating the Zacks Consensus Estimate of $4.70. The 2015 adjusted FFO per share was $4.59.
Moreover, net revenue came in at $1.50 billion, almost in line with the Zacks Consensus Estimate. Net revenue for 2015 was $1.35 billion.
Quarter in Detail
Operating income rose to $115.4 million from $104.8 million recorded in the prior-year period. Adjusted earnings before interest, taxes, depreciation and amortization climbed 9.4% year over year to $173.6 million. Moreover, free cash flow increased 7.4% year over year to $111.1 million.
At the quarter end, Lamar had total liquidity of $245.4 million, of which $209.9 million was available under its revolving senior credit facility, and $35.5 million in cash and cash equivalents.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.
At this time, Lamar Advertising's stock has a nice Growth Score of 'B', though it is lagging a bit on the momentum front with an 'C'. Charting a somewhat similar path, the stock was allocated a grade of 'D' on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'C'. If you aren't focused on one strategy, this score is the one you should be interested in.
The company's stock is more suitable for growth than momentum based on our styles scores.
Outlook
The stock has a Zacks Rank #3 (Hold). We are looking for an inline return from the stock in the next few months.
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Why Is Lamar Advertising (LAMR) Up 3% Since the Last Earnings Report?
A month has gone by since the last earnings report for Lamar Advertising Company (LAMR - Free Report) . Shares have added nearly 3% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Lamar's Q4 FFO Beats Estimates, Revenues In Line
Lamar reported fourth-quarter 2016 adjusted FFO of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.21 and higher than the year-ago tally of $1.27.
Net revenue for the quarter increased 8.6% year over year to $386.7 million, almost in line with the Zacks Consensus Estimate.
For full-year 2016, adjusted FFO per share came in at $5, beating the Zacks Consensus Estimate of $4.70. The 2015 adjusted FFO per share was $4.59.
Moreover, net revenue came in at $1.50 billion, almost in line with the Zacks Consensus Estimate. Net revenue for 2015 was $1.35 billion.
Quarter in Detail
Operating income rose to $115.4 million from $104.8 million recorded in the prior-year period. Adjusted earnings before interest, taxes, depreciation and amortization climbed 9.4% year over year to $173.6 million. Moreover, free cash flow increased 7.4% year over year to $111.1 million.
At the quarter end, Lamar had total liquidity of $245.4 million, of which $209.9 million was available under its revolving senior credit facility, and $35.5 million in cash and cash equivalents.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.
Lamar Advertising Company Price and Consensus
Lamar Advertising Company Price and Consensus | Lamar Advertising Company Quote
VGM Scores
At this time, Lamar Advertising's stock has a nice Growth Score of 'B', though it is lagging a bit on the momentum front with an 'C'. Charting a somewhat similar path, the stock was allocated a grade of 'D' on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'C'. If you aren't focused on one strategy, this score is the one you should be interested in.
The company's stock is more suitable for growth than momentum based on our styles scores.
Outlook
The stock has a Zacks Rank #3 (Hold). We are looking for an inline return from the stock in the next few months.