Clear Channel and Lamar outperform market in 1Q 2018

Clear Channel Outdoor and Outfront Media outperformed the market during the third quarter of 2018.  See the chart below.

  • Clear Channel Outdoor (blue)  was up 36% during the third quarter of 2018.  Recovering revenue?  The light at the end of the tunnel for a split from iHeart?
  • Lamar (green)  was up 14% for the third quarter of 2018.  Rebounding revenues.
  • Outfront (purple) was up 3% for the third quarter of 2018 but trailed the S&P 500 (black) which was up 7%.  Insider thinks Outfront will have to achieve a resumption in revenue growth and a positive track record on new smartscreens for its stock to recover.

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