Lamar Advertising Q2 revenue just misses estimates, cuts guidance
Overview
Lamar Q2 net revenue rises 2.5% but misses analyst expectations
Adjusted EBITDA for Q2 beats analyst estimates, per LSEG data
Company completed milestone UPREIT acquisition in billboard industry
Outlook
Lamar anticipates continued revenue growth in H2 2025, but not to degreethe expected at start of the year
Lamar revises 2025 diluted AFFO per share to $8.10-$8.20
Company expects 2025 net income per diluted share of $6.09-$6.11
Result Drivers
REVENUE GROWTH - Lamar reports slight acceleration in revenue growth at national and local levels
ACQUISITION IMPACT - Completed milestone UPREIT acquisition expected to contribute to future revenue growth
GUIDANCE REVISION - Company revises full-year diluted AFFO per share guidance slightly downward
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $579.31 mln | $580.70 mln (4 Analysts) |
Q2 EPS | $1.52 | ||
Q2 Net Income | $155.02 mln | ||
Q2 Adjusted EBITDA | Beat | $278.38 mln | $277.80 mln (4 Analysts) |
Q2 Free Cash Flow | $199.08 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Lamar Advertising Co is $135.00, about 7.6% above its August 7 closing price of $124.75
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release:
