Benchmark Predicts Steady Revenue Growth For Lamar Advertising

According to Benchmark, Lamar Advertising LAMR should see steady mid-single digit revenue growth in 2011 barring a double-dip in the US economy. Benchmark said that it believes outdoor advertising trends and pacings are holding up despite some moderation in US economic activity. “2Q11 guidance calls for revenue of $296 million or 3% growth. 3Q11 bookings are ahead of 2Q11, but may not experience a material acceleration.” Lamar Advertising closed yesterday at $27.50.