Lamar Advertising Q3 revenue just beats estimates, sees strength in holiday season

Lamar Advertising

06/11/2025 11:12

Overview

Lamar Q3 revenue grows 3.8% yr/yr, slightly beating analyst expectations

Adjusted EBITDA for Q3 slightly exceeds analyst estimates

Net income for Q3 decreased 2.5% compared to last year

Outlook

Lamar expects to meet revised full-year diluted AFFO per share guidance

Co sees strength in the holiday season and momentum going into next year, per CEO Sean Reilly

Result Drivers

NATIONAL SALES - Co reports an uptick in national sales as a key driver of Q3 performance

ACQUISITION-ADJUSTED GROWTH - Acquisition-adjusted net revenue increased 2.9% yr/yr, contributing to overall revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$585.54 mln
$583.003 mln (4 Analysts)
Q3 EPS
$1.40
Q3 Net Income
$144.08 mln
Q3 Adjusted EBITDA
Slight Beat*
$280.77 mln
$280.14 mln (4 Analysts)
Q3 Adjusted FFO Per Share
$2.20
Q3 Free Cash Flow
$189.21 mln


*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 $135.00, about 12.2% above its November 5 closing price of $118.49

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNX3J3vRy

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)