LAMR / Lamar Advertising (LAMR) Stock Declines 4.89% on Q2 AFFO Miss

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.04 per share, beating the Zacks Consensus Estimate of $1.91 per sha more_horizontal

Lamar Advertising shares have fallen 14% in 2023 due to a rise in interest rates and a slowdown in advertising. Despite the near-term weakness, LAMR i more_horizontal

While Lamar Advertising's (LAMR) Q2 results reflect year-over-year growth in the top line, a significant surge in interest expenses acts as a dampener more_horizontal

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.90 per share, missing the Zacks Consensus Estimate of $1.94 per sha more_horizontal

Surviving the pandemic largely unscathed, LAMR has proven its mettle. We portend market share capture for OOH which will lead to increase in revenues. more_horizontal

Lamar Advertising has a strong track record of revenue and free cash flow growth, with an average ROE of 26.51% over the past 10 years, significantly more_horizontal

A diversified tenant base, opportunistic acquisitions and efforts to upgrade its portfolio are growth drivers for Lamar Advertising (LAMR). However, s more_horizontal

Lamar's (LAMR) Q1 results reflect steady local sales, which helped offset softness on the national front. The company experiences a significant surge more_horizontal