Lamar Advertising Cuts FY23 EPS Outlook From $5.14-$5.21 To $4.72-$4.80, And AFFO Per Share Guidance From $7.40-$7.55 To $7.13-$7.28
Portfolio Pulse from Benzinga Newsdesk
Lamar Advertising has reduced its FY23 EPS outlook from $5.14-$5.21 to $4.72-$4.80, and its AFFO per share guidance from $7.40-$7.55 to $7.13-$7.28.
August 04, 2023 | 12:46 pm
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Lamar Advertising has lowered its FY23 EPS and AFFO per share guidance, which could negatively impact investor sentiment and the company's stock price.
Lamar Advertising's reduction in its FY23 EPS and AFFO per share guidance indicates potential financial challenges or lower than expected performance. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100