Lamar Q4 revenue rises 2.8%, slightly beats estimates

Overview

• Outdoor advertising firm's Q4 revenue slightly beat analyst expectations, rising 2.8% yr/yr

• Net income for Q4 rose $155.7 mln from a loss in 2024

• Adjusted EBITDA for Q4 increased 3.7% yr/yr

Outlook

• Lamar expects fiscal year 2026 diluted AFFO per share between $8.50 and $8.70

• Company projects fiscal year 2026 net income per diluted share between $5.72 and $5.83

• Lamar sees continued sales momentum into 2026 with promising pacing for the year

Result Drivers

• SALES MOMENTUM - Growth in local and national sales contributed to Q4 revenue increase, despite challenging political comparisons, per CEO Sean Reilly

• ASSET RETIREMENT OBLIGATIONS - Revision in asset retirement obligations positively impacted net income by reducing prior year depreciation and amortization expenses

• VISTAR MEDIA SALE - Gain from sale of equity interest in Vistar Media boosted annual net income

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $140.00, about 5.4% above its February 19 closing price of $132.83

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNX8cqQDs

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