Lamar Advertising Q1 EPS $0.76 Misses $0.81 Estimate, Sales $498.15M Beat $490.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lamar Advertising (NASDAQ:LAMR) reported Q1 earnings of $0.76 per share, missing the consensus estimate of $0.81 by 6.17%, but saw a 2.7% increase from last year's earnings. Sales reached $498.15M, exceeding estimates by 1.49% and marking a 5.69% increase from the previous year.

May 02, 2024 | 10:01 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Lamar Advertising reported a mixed Q1 with earnings missing estimates but sales beating expectations and showing growth from the previous year.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, potentially putting downward pressure on the stock price. However, the beat on sales and year-over-year growth in both earnings and sales could offset some of the negative impact. The mixed results present a neutral outlook, as the positive sales performance may reassure investors about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100