Lamar’s Q1 AFFO Rises 7.5% Fueling 7% Stock Jump; CEO to Speak at JP Morgan Conference
Lamar's Q1 AFFO per share rose 7.5%, surpassing consensus and driving a more than 7% stock gain. CEO Sean Reilly will participate in a question-and-answer session at the J.P. Morgan Global Technology, Media and Communications Conference on May 18 via live audio webcast archived for 30 days.
1. Q1 AFFO Beats Estimates
Lamar’s first-quarter adjusted funds from operations per share increased 7.5% year-over-year on strong national advertising demand, topping consensus forecasts and signaling robust revenue recovery in key markets.
2. Stock Reaction
Shares of Lamar jumped over 7% following the earnings release as investors responded to the higher-than-expected AFFO growth and renewed confidence in the outdoor advertising recovery.
3. CEO to Present at JP Morgan Conference
CEO Sean Reilly is scheduled for a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference on May 18 at 3:30 pm EST, available via live audio webcast on the company website, with an archive accessible for 30 days.