Lamar Advertising Sees FY24 EPS Of $4.95- $5.01 Vs. $5.22 Est.
Portfolio Pulse from Benzinga Newsdesk
Lamar Advertising projects its FY24 EPS to be between $4.95 and $5.01, which is below the estimated $5.22.
May 02, 2024 | 10:05 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lamar Advertising's FY24 EPS projection falls short of the estimated $5.22, indicating a potential negative impact on investor sentiment.
When a company's earnings projection falls below analysts' estimates, it often leads to negative investor sentiment and can result in a decrease in stock price in the short term. Lamar Advertising's lower-than-expected EPS forecast for FY24 could disappoint investors, leading to potential short-term negative pressure on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100