Lamar Q4 revenue rises 2.8%, slightly beats estimates

Lamar Advertising

20/02/2026 11:09

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$595.93 mln
$592.45 mln (4 Analysts)
Q4 EPS
$1.50
Q4 Net Income
$154.75 mln
Q4 Adjusted EBITDA
$288.87 mln
Q4 Adjusted FFO Per Share
$2.24
Q4 Free Cash Flow
$187.14 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 $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

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