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Lamar (LAMR) Down 3.7% Since Last Earnings Report: Can It Rebound?
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It has been about a month since the last earnings report for Lamar Advertising (LAMR - Free Report) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Lamar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Lamar Advertising's Q2 FFO Misses Estimates
Lamar reported second-quarter adjusted FFO per share of $1.54, missing the Zacks Consensus Estimate of $1.66. Moreover, net revenues for the quarter came in at $448.7 million, which also lagged the Zacks consensus Estimate of $453.4 million.
Despite the softer-than-expected quarterly performance, on a year-over-year basis, adjusted FFO per share inched up 1.3%, while net revenues climbed 6.9%. Acquisition-adjusted net revenues increased 2.4%, while acquisition-adjusted EBITDA was up 2.1%. The company witnessed a 4.3% increase in local revenues, while same unit digital revenues went up 4.3%.
Quarter in Detail
Operating income improved 6.2% from the prior-year quarter to $144.1 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.2%, year over year, to $207.9 million. Additionally, free cash flow of $132.9 million in the June-end quarter remained consistent year over year.
At the end of second-quarter 2019, Lamar had total liquidity of $429.2 million, of which $411.9 million was available for borrowing under its revolving senior credit facility, and around $17.3 million in cash and cash equivalents.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
VGM Scores
Currently, Lamar has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Lamar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Lamar (LAMR) Down 3.7% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for Lamar Advertising (LAMR - Free Report) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Lamar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Lamar Advertising's Q2 FFO Misses Estimates
Lamar reported second-quarter adjusted FFO per share of $1.54, missing the Zacks Consensus Estimate of $1.66. Moreover, net revenues for the quarter came in at $448.7 million, which also lagged the Zacks consensus Estimate of $453.4 million.
Despite the softer-than-expected quarterly performance, on a year-over-year basis, adjusted FFO per share inched up 1.3%, while net revenues climbed 6.9%. Acquisition-adjusted net revenues increased 2.4%, while acquisition-adjusted EBITDA was up 2.1%. The company witnessed a 4.3% increase in local revenues, while same unit digital revenues went up 4.3%.
Quarter in Detail
Operating income improved 6.2% from the prior-year quarter to $144.1 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.2%, year over year, to $207.9 million. Additionally, free cash flow of $132.9 million in the June-end quarter remained consistent year over year.
At the end of second-quarter 2019, Lamar had total liquidity of $429.2 million, of which $411.9 million was available for borrowing under its revolving senior credit facility, and around $17.3 million in cash and cash equivalents.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
VGM Scores
Currently, Lamar has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Lamar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.