Lamar Advertising Expects FY24 EPS Of $5.02-$5.07 (Est $5.19), With AFFO Per Share Of $7.67-$7.82 (Est $7.79)
Portfolio Pulse from Benzinga Newsdesk
Lamar Advertising projects its FY24 EPS to be between $5.02 and $5.07, below the estimated $5.19, and its AFFO per share to range from $7.67 to $7.82, closely aligning with the estimated $7.79.
February 23, 2024 | 11:05 am
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NEGATIVE IMPACT
Lamar Advertising's FY24 EPS projection falls short of analyst expectations, while its AFFO per share forecast is in line with estimates.
The projected EPS being lower than analyst expectations could lead to a negative short-term reaction in the stock market, as investors often view such misses as a sign of potential challenges. However, the AFFO per share being in line with estimates might mitigate some of the negative impact, indicating that the company's adjusted funds from operations remain stable.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100