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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