Lamar Advertising Future Growth

Future criteria checks 2/6

Lamar Advertising is forecast to grow earnings and revenue by 10.2% and 4.2% per annum respectively. EPS is expected to grow by 9.5% per annum. Return on equity is forecast to be 40.6% in 3 years.

Key information

10.2%

Earnings growth rate

9.5%

EPS growth rate

Specialized REITs earnings growth	5.9%
Revenue growth rate	4.2%
Future return on equity	40.6%
Analyst coverage	Low
Last updated	06 May 2024

Recent future growth updates

Recent updates

Lamar Advertising: A Solid Q1 With Dividend Hikes Likely To Come

May 06

Lamar's Tight Expense Control Facilitates Reliable Growth

Mar 04

We Ran A Stock Scan For Earnings Growth And Lamar Advertising (NASDAQ:LAMR) Passed With Ease

Dec 30

Lamar Advertising pares some declines after bullish mention

Sep 23

We Ran A Stock Scan For Earnings Growth And Lamar Advertising (NASDAQ:LAMR) Passed With Ease

Sep 13

We Think The Compensation For Lamar Advertising Company (REIT)'s (NASDAQ:LAMR) CEO Looks About Right

May 14

Lamar Advertising Q1 Earnings Preview

May 03

Earnings and Revenue Growth Forecasts

NasdaqGS:LAMR - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,402	650	N/A	1,012	3
12/31/2025	2,316	595	N/A	939	3
12/31/2024	2,209	519	N/A	812	3
3/31/2024	2,141	498	652	785	N/A
12/31/2023	2,115	495	637	784	N/A
9/30/2023	2,094	412	619	774	N/A
6/30/2023	2,079	419	621	776	N/A
3/31/2023	2,056	422	633	788	N/A
12/31/2022	2,036	438	637	782	N/A
9/30/2022	1,996	495	629	783	N/A
6/30/2022	1,945	456	627	762	N/A
3/31/2022	1,872	442	642	753	N/A
12/31/2021	1,791	388	608	734	N/A
9/30/2021	1,722	373	628	697	N/A
6/30/2021	1,631	329	593	644	N/A
3/31/2021	1,533	241	549	590	N/A
12/31/2020	1,569	243	508	570	N/A
9/30/2020	1,603	237	516	584	N/A
6/30/2020	1,675	274	511	604	N/A
3/31/2020	1,776	361	515	633	N/A
12/31/2019	1,754	372	490	631	N/A
9/30/2019	1,719	365	486	603	N/A
6/30/2019	1,680	359	473	586	N/A
3/31/2019	1,651	341	479	585	N/A
12/31/2018	1,627	305	464	565	N/A
9/30/2018	1,598	296	458	556	N/A
6/30/2018	1,579	299	436	528	N/A
3/31/2018	1,556	291	423	513	N/A
12/31/2017	1,541	317	N/A	507	N/A
9/30/2017	1,530	311	N/A	505	N/A
6/30/2017	1,518	299	N/A	506	N/A
3/31/2017	1,508	289	N/A	505	N/A
12/31/2016	1,500	298	N/A	522	N/A
9/30/2016	1,470	294	N/A	502	N/A
6/30/2016	1,433	295	N/A	500	N/A
3/31/2016	1,389	273	N/A	474	N/A
12/31/2015	1,353	262	N/A	478	N/A
9/30/2015	1,334	394	N/A	463	N/A
6/30/2015	1,318	343	N/A	467	N/A
3/31/2015	1,305	299	N/A	445	N/A
12/31/2014	1,287	253	N/A	453	N/A
9/30/2014	1,271	55	N/A	403	N/A
6/30/2014	1,257	37	N/A	416	N/A
3/31/2014	1,254	45	N/A	406	N/A
12/31/2013	1,246	40	N/A	395	N/A
9/30/2013	1,228	35	N/A	417	N/A
6/30/2013	1,213	30	N/A	394	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAMR's forecast earnings growth (10.2% per year) is above the savings rate (2.4%).

Earnings vs Market: LAMR's earnings (10.2% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: LAMR's earnings are forecast to grow, but not significantly.

Revenue vs Market: LAMR's revenue (4.2% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: LAMR's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LAMR's Return on Equity is forecast to be very high in 3 years time (40.6%).

Lamar Advertising Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Lamar Advertising Company Provides Earnings Guidance for the Year 2024

Price target increased by 11% to US$110

Lamar Advertising Company Provides Earnings Guidance for the Fiscal Year Ending December 31, 2024

Price target decreased by 8.3% to US$99.00

Lamar Advertising Company Revises Earnings Guidance for the Year Ending December 31, 2023

Price target decreased to US$117

Recent updates

First quarter dividend of US$1.30 announced

Lamar Advertising Company Announces Cash Dividend on Class A and B Common Stock, Payable on June 28, 2024

Independent Director recently sold US$2.0m worth of stock

Lamar Advertising: A Solid Q1 With Dividend Hikes Likely To Come

First quarter 2024 earnings: EPS misses analyst expectations

Lamar Advertising Company Provides Earnings Guidance for the Year 2024

Lamar Advertising Company to Report Q1, 2024 Results on May 02, 2024

Lamar Advertising Company, Annual General Meeting, May 16, 2024

Executive VP recently sold US$595k worth of stock

Upcoming dividend of US$1.30 per share

Lamar's Tight Expense Control Facilitates Reliable Growth

Price target increased by 11% to US$110

Fourth quarter dividend increased to US$1.30

Full year 2023 earnings: EPS exceeds analyst expectations

Lamar Advertising Company Provides Earnings Guidance for the Fiscal Year Ending December 31, 2024

Lamar Advertising Company to Report Q4, 2023 Results on Feb 23, 2024

Now 21% undervalued

Upcoming dividend of US$1.25 per share at 4.8% yield

Lamar Advertising Company Announces Cash Dividend on Common Stock, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$1.37 (vs US$1.44 in 3Q 2022)

Price target decreased by 8.3% to US$99.00

Lamar Advertising Company to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$1.25 per share at 5.7% yield

Lamar Advertising Company Declares Quarterly Cash Dividend, Payable on September 29, 2023

Lamar Advertising Company Revises Earnings Guidance for the Year Ending December 31, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Lamar Advertising Company to Report Q2, 2023 Results on Aug 03, 2023

Lamar Advertising Company to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$1.25 per share at 5.3% yield

Lamar Advertising Company Announces Cash Dividend on Common Stock, Payable on June 30, 2023

Lamar Advertising Company Provides Dividend Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$0.75 (vs US$0.91 in 1Q 2022)

Executive VP recently sold US$574k worth of stock

Upcoming dividend of US$1.25 per share at 4.6% yield

Full year 2022 earnings: EPS misses analyst expectations

Lamar Advertising Company to Report Q4, 2022 Results on Feb 24, 2023

We Ran A Stock Scan For Earnings Growth And Lamar Advertising (NASDAQ:LAMR) Passed With Ease

Lamar Advertising Company Declares Quarterly Cash Dividends on Common Stock, Payable on December 30, 2022

Independent Director recently sold US$217k worth of stock

Non-Independent Director exercised options and sold US$231k worth of stock

Independent Director exercised options and sold US$315k worth of stock

Insufficient new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Lamar Advertising Company Announces Distribution Guidance for the Year 2023

Lamar Advertising Company to Report Q3, 2022 Results on Nov 04, 2022

Lamar Advertising pares some declines after bullish mention

We Ran A Stock Scan For Earnings Growth And Lamar Advertising (NASDAQ:LAMR) Passed With Ease

Lamar Advertising Company Declares Quarterly Cash Dividend, Payable on September 30, 2022

Lamar Advertising declares $1.20 dividend

Executive Chairman exercised options to buy US$10m worth of stock.

Executive VP recently sold US$425k worth of stock

Second quarter 2022 earnings released

Lamar Advertising GAAP EPS of $1.32 beats by $0.05, revenue of $517.85M

Price target decreased to US$117

Lamar Advertising Company to Report Q2, 2022 Results on Aug 03, 2022

Lamar Advertising: An Even Better Opportunity Than Before

Non-Independent Director exercised options and sold US$480k worth of stock

Upcoming dividend of US$1.20 per share

Insufficient new directors

Lamar Advertising Company Declares Quarterly Cash Dividend on Common Stock, Payable on June 30, 2022

Here's Why We Think Lamar Advertising (NASDAQ:LAMR) Is Well Worth Watching

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Lamar Advertising Company Revises Earnings Guidance for the Fiscal Year 2022

Lamar Advertising Company (NasdaqGS:LAMR) acquired Burkhart Advertising, Inc. from Burkhart/Miller family

Lamar Advertising: Inflation Hedge And Low Competition

Lamar Advertising Company, Annual General Meeting, May 19, 2022

Lamar Advertising Company to Report Q1, 2022 Results on May 05, 2022

Upcoming dividend of US$1.10 per share

Executive VP recently sold US$155k worth of stock