Overview

* Lamar Q2 net revenue rises 2.5% but misses analyst expectations

* Adjusted EBITDA for Q2 beats analyst estimates, per LSEG data

* Company completed milestone UPREIT acquisition in billboard industry

Outlook

* Lamar anticipates continued revenue growth in H2 2025, but not to degreethe expected at start of the year

* Lamar revises 2025 diluted AFFO per share to $8.10-$8.20

* Company expects 2025 net income per diluted share of $6.09-$6.11

Result Drivers

* REVENUE GROWTH - Lamar reports slight acceleration in revenue growth at national and local levels

* ACQUISITION IMPACT - Completed milestone UPREIT acquisition expected to contribute to future revenue growth

* GUIDANCE REVISION - Company revises full-year diluted AFFO per share guidance slightly downward

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $579.31 $580.70

Revenue mln mln (4

Analysts

)

Q2 EPS $1.52

Q2 Net $155.02

Income mln

Q2 Beat $278.38 $277.80

Adjusted mln mln (4

EBITDA Analysts

)

Q2 Free $199.08

Cash mln

Flow

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 ( LAMR ) is $135.00, about 7.6% above its August 7 closing price of $124.75

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

Press Release:

(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.)