Lamar Advertising Q3 2026 Revenue Tops Estimates at $624.5M, but EPS Misses at $1.59

Lamar Advertising (LAMR) posted mixed third-quarter 2026 results, with revenue above the estimate and adjusted EPS below it. Revenue was $624.5 million, up 6.6% from a year earlier, above the $621.7 million estimate, and adjusted EPS was $1.59, up 14% from a year earlier, below the $1.65 estimate.

Shares fell 0.9% in premarket trading as of 6:00 a.m. ET, to $157.18 from a $158.58 close.

Q3 2026 scorecard

By our calculation, revenue was $2.7 million above the estimate and adjusted EPS was $0.06 below it. The QoQ column compares with the previous quarter's revenue of $616.7 million and adjusted EPS of $1.58. The YoY column compares with $585.5 million and $1.40 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 2 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 5 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $585.5 million, $595.9 million, $528.0 million, $616.7 million and $624.5 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.69 and revenue of $633.5 million next quarter, based on 3 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 6.6% increase to $624.5 million.
• Estimate record. Whether Lamar Advertising returns to beating EPS estimates, which it did in 2 of its last 8 reports.
• Related coverage. See our reports on Haemonetics, Enovis, Cigna and Northwest Natural.

Sources: Results are from Lamar Advertising's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Lamar Advertising's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.