LAMR Earnings Prediction
The chart below shows how LAMR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LAMR sees a -0.37% change in stock price 10 days leading up to the earnings, and a +1.41% change 10 days following the report. On the earnings day itself, the stock moves by +0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
LAMR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
564.13M
3.97%
-0.20%
Gross Margin
54.32%
0.67%
0.74%
Operating Margin
32.63%
-5.45%
0.55%
Net Margin
26.20%
1.24%
7.64%
EPS
1.44
5.11%
7.46%
No Data Available
LAMR Earnings Analysis
Lamar Advertising Co Corporation (LAMR.O) Earnings Conference Call
Positive
Sustained Revenue Increase: 1. Consistent Revenue Growth: Lamar Advertising achieved a consolidated revenue growth of 4% in Q3 2024, marking the 14th consecutive quarter of growth, with revenue increases across all product lines and operating regions.
AFFO Guidance Increase: 2. Increased AFFO Guidance: The company raised its full-year AFFO per share guidance to a range of $7.85 to $7.95, representing an increase of nearly 6% over 2023 at the midpoint.
Adjusted EBITDA Performance: 3. Strong Adjusted EBITDA Margin: Adjusted EBITDA for Q3 was $271.2 million, reflecting a 2.1% increase year-over-year, with a robust adjusted EBITDA margin of 48.1%, well above pre-pandemic levels.
Digital Revenue Surge: 4. Growth in Digital Revenue: Digital revenue grew nearly 5% in Q3, with programmatic sales channel revenue increasing over 70% compared to the same quarter last year, indicating strong demand for digital advertising.
Dividend Increase Announcement: 5. Increased Dividend Payout: The company raised its cash dividend to $1.40 per share in Q3, up from $1.30 in the previous quarters, with plans for a potential special dividend of approximately $0.20 per share at year-end, resulting in a total expected cash dividend of $5.60 per share for the year.
Negative
Operating Expenses Surge: 1. Increased Operating Expenses: Operating expenses rose by 5.4% on an acquisition-adjusted basis compared to the previous year, outpacing revenue growth of 4%.
National Advertising Revenue Decline: 2. Decline in National Advertising Revenue: National advertising revenue decreased by 2.9%, contributing to overall revenue growth challenges despite local/regional revenue increasing by 4.9%.
Gulf Coast Revenue Stagnation: 3. Flat Revenue Growth in Gulf Coast Region: The Gulf Coast region experienced flat revenue growth, increasing only approximately 50 basis points, contrasting with stronger performance in other regions.
Advertising Sector Declines: 4. Weakness in Specific Advertising Categories: Categories such as insurance and restaurants saw declines of 10% and 2.4%, respectively, indicating challenges in national advertising sectors.
Stock Compensation Impact: 5. High Stock Compensation Costs: Increased stock compensation expenses due to higher stock prices and better performance tracking against budget led to a decline in net income, despite an increase in AFFO.
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LAMR Earning Call Sentiment
Lamar Advertising Company (LAMR) Q3 2024 Earnings Call Transcript
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LAMR.O
-1.12%Positive
The earnings call highlights several positives: increased dividends, robust revenue growth, and strong programmatic sales. The Q&A session indicates optimism in future growth drivers, especially in programmatic advertising. Despite some supply chain challenges and economic factors, the company's low leverage and strong liquidity position are reassuring. Additionally, the anticipation of increased M&A activity and the potential revenue uplift from digital billboards further support a positive outlook. Overall, the positive factors outweigh the risks, suggesting a potential stock price increase of 2% to 8% over the next two weeks.
