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Lamar Advertising Company (LAMR)
NASDAQ:LAMR
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.44Last Year’s EPS
$1.46Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -7.70%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, increased guidance, and a solid financial position, bolstered by record political advertising. However, challenges such as a decline in national advertising revenue and increased operating expenses present areas of concern.Company Guidance
In the third quarter of 2024, Lamar reported a 4% increase in consolidated revenue, or 3.6% on an acquisition-adjusted basis, marking the 14th consecutive quarter of growth. The company experienced robust demand from local and regional advertisers, with local/regional revenue up 4.9%, while national revenue declined by 2.9%. Digital revenue rose nearly 5%, driven by a 70% increase in programmatic sales. Despite a 5.4% rise in acquisition-adjusted expenses, Lamar raised its full-year guidance for AFFO per share to $7.85 to $7.95, representing a 6% increase over 2023. The adjusted EBITDA margin for Q3 was strong at 48.1%, with an adjusted EBITDA of $271.2 million, a 2.1% increase from the previous year. Lamar reported that political advertising contributed $15 million year-to-date, and full-year capital expenditure is expected to be $125 million. The company ended the quarter with a total leverage of 2.9x net debt to EBITDA and plans to increase its digital billboard rollout to 375-400 new units in 2025.Strong Revenue Growth
Consolidated revenue grew by 4% for the third quarter, marking the 14th consecutive quarter of growth. Digital revenue increased by nearly 5% with a 70% rise in programmatic sales.
Increased Guidance and Dividend
Full year AFFO per share guidance raised to $7.85 to $7.95, nearly a 6% increase over 2023. Q3 dividend increased to $1.40 per share with a potential year-end special dividend.
Record Political Advertising
Political spending reached record levels, significantly contributing to Q3 growth with a total of $15 million year-to-date.
Solid Financial Position
Adjusted EBITDA margin remained strong at 48.1%, with total leverage at 2.9x net debt to EBITDA, the lowest in company history.
Positive M&A Outlook
Anticipation of increased M&A activity in 2025 with a focus on tuck-in acquisitions.
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LAMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LAMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $133.26 | $126.93 | -4.75% |
| Aug 08, 2024 | $111.38 | $113.88 | +2.24% |
| May 02, 2024 | $113.44 | $114.58 | +1.00% |
| Feb 23, 2024 | $107.72 | $105.10 | -2.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lamar Advertising Company (LAMR) report earnings?
Lamar Advertising Company (LAMR) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Lamar Advertising Company (LAMR) earnings time?
Lamar Advertising Company (LAMR) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAMR EPS forecast?
LAMR EPS forecast for the fiscal quarter 2024 (Q4) is $1.44.
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