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Lamar Advertising Re-initiates FY20 Earnings Outlook Below View - Quick Facts

August 06, 2020 — 06:40 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - While reporting financial results for the second quarter on Thurssday, outdoor advertising company Lamar Advertising Co. (LAMR) re-initiated its earnings and Adjusted Funds From Operations (AFFO) guidance for the full-year 2020 to incorporate the impact of the COVID-19 pandemic on its business.

For fiscal 2020, the company now projects AFFO per share in the range of $4.16 to $4.56, and earnings in the range of $1.55 to $1.93 per share.

On average, 5 analysts polled by Thomson Reuters expect the company to report earnings of $2.39 per share for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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