Overview

* Boston Omaha ( BOC ) Q3 revenue increased to $28.7 mln from $27.7 mln

* Net loss widens to $2.59 mln from $ 1.6 mln, as net other expenses rose significantly

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* REVENUE GROWTH - Driven by increased billboard rentals and broadband services revenue

* INVESTMENT LOSSES - Net other expenses impacted by $1.5 mln unrealized loss on Sky Harbour warrants and $2.0 mln losses within 24th Street Funds

* DEPRECIATION AND AMORTIZATION - Increased expenses contributed to net loss

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS Miss -$0.08 -$0.03

(2

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy"

* Wall Street's median 12-month price target for Boston Omaha Corp ( BOC ) is $18.00, about 31% above its November 12 closing price of $12.42

Press Release:

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(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.)