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Lamar's (LAMR) fourth-quarter 2023 results reflect strong local sales and year-over-year top-line growth. However, the company experiences a surge in interest expenses.
Lamar Advertising Company (LAMR) Q4 2023 Earnings Call Transcript
BATON ROUGE, La., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its fourth quarter ended December 31, 2023 earnings report before the market opens on Friday, February 23, 2024. Lamar will host a conference call on Friday, February 23, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.
Lamar Advertising: Digital Transformation And Lower Rates Can Power Growth
Lamar (LAMR) holds a significant market share in the U.S. outdoor advertising business. Its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts are key growth drivers.
Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.04 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to FFO of $2.03 per share a year ago.
Lamar Advertising shares have fallen 14% in 2023 due to a rise in interest rates and a slowdown in advertising. Despite the near-term weakness, LAMR is a strong business with a solid balance sheet and favorable trends in outdoor advertising. The long-term threat of self-driving cars tempers enthusiasm for Lamar shares.
BATON ROUGE, La., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its third quarter ended September 30, 2023 earnings report before the market opens on Thursday, November 2, 2023. Lamar will host a conference call on Thursday, November 2, 2023 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.
While Lamar Advertising's (LAMR) Q2 results reflect year-over-year growth in the top line, a significant surge in interest expenses acts as a dampener. The company revises its outlook for 2023.
Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.90 per share, missing the Zacks Consensus Estimate of $1.94 per share. This compares to FFO of $1.94 per share a year ago.