Lamar Advertising (LAMR) Misses Q3 FFO and Revenue Estimates
Portfolio Pulse from
Lamar Advertising (LAMR) reported Q3 funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of $2.21. This is an increase from $2.04 per share a year ago.
November 08, 2024 | 1:30 pm
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NEGATIVE IMPACT
Lamar Advertising reported Q3 FFO of $2.15 per share, missing the expected $2.21. Despite the miss, FFO increased from $2.04 a year ago.
The miss on FFO estimates is likely to negatively impact the stock price in the short term as it indicates underperformance against expectations. However, the year-over-year increase in FFO might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100