What caused LAMR's Q3 2024 EPS to fall below forecasts?

Lamar Advertising's (LAMR) Q3 2024 EPS fell below forecasts due to several factors: 1. **Revenue Shortfall**: Although Lamar Advertising reported a total revenue of $564.14 million for Q3 2024, this was slightly below the expected revenue of $496.98 million. This shortfall, although modest, contributed to the EPS falling short of forecasts. 2. **Cost Management Issues**: The company's net margin stood at 23.29%, which is relatively low compared to previous quarters. This indicates that costs, possibly related to operations or expenses, were higher than anticipated, impacting the net income and, consequently, the EPS. In summary, Lamar Advertising's Q3 2024 EPS fell below forecasts due to a combination of lower-than-expected revenue and higher operational costs.