Recap: Lamar Advertising Q1 Earnings

Lamar Advertising LAMR reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Lamar Advertising missed estimated earnings by 8.64%, reporting an EPS of $0.74 versus an estimate of $0.81.

Revenue was up $19.94 million from the same period last year.

Last quarter the company missed on EPS by $0.64 which was followed by a 2.73% drop in the share price the next day.

Here's a look at Lamar Advertising's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.29	1.39	1.27	0.72
EPS Actual	0.65	1.44	1.32	0.91
Revenue Estimate	542.00M	520.00M	490.00M	427.21M
Revenue Actual	535.51M	527.39M	517.85M	451.39M

To track all earnings releases for Lamar Advertising visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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