All three US out of home companies outperformed the market in the third quarter of 2024.  Here’s an analysis of public out of home stock performance, prepared by SignValue.

For the third quarter of 2024 OUTFRONT was up 28% on the rebound of transit revenues and the sale of Canada.  Lamar was up 12%.  Clear Channel Outdoor was up 9% on news of overseas asset sales and strong airport performance.  The S&P 500 was up 4% for the third quarter of 2024.

Performance trends are markedly different for the past 5 years.  The S&P 500 is up 94%.  Lamar up 62%.  OUTFRONT is down 35%.  Clear Channel Outdoor is down 37%.   US Out of home stocks went down further than the market during covid and have been slower to recover.

Here’s the raw data.

US Public Out of Home Company Stock Performance for last quarter, year to date and last five years ended September 30, 2024

If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400.

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