Lamar and OUTFRONT outperformed the market during the fourth quarter of 2022 while Clear Channel Outdoor lagged.  Lamar was up 14%, OUTFRONT was up 10%, the S&P 500 was up 7% and Clear Channel Outdoor declined 23%.  Delays in the sale of Clear Channel Europe and concerns about how a recession might impact a debt-heavy balance sheet weighed down Clear Channel Outdoor stock.

Out of Home stock performance in fourth quarter of 2022.  Lamar (green), OUTFRONT (purple), Clear Channel Outdoor (blue), S&P 500 (black)

The full year 2022 was one to forget.  The S&P 500 was down 19%, Lamar was down 22.%, OUTFRONT was down 38% and Clear Channel Outdoor was down 68%.  Worries that a recession will weigh down the economy and advertising impacted valuations.

Out of Home stock performance for full year 2022.  Lamar (green), OUTFRONT (purple), Clear Channel Outdoor (blue), S&P 500 (black)

Daktronics stock finished the quarter up 4% versus a 7% rise in the S&P 500.    Quarterly performance rallied sharply from a low in early December when Daktronics released financial statements which contained information about liquidity strains and a going concern qualification to financials.

Daktronics stock (blue) for fourth quarter of 2022 versus S&P 500 (black)

Daktronics stock was down 44% for the whole year versus a 19% decline for the S&P 500 due to liquidity problems and the announcement of going concern status on the company’s recent quarterly conference call.

Daktronics Stock (blue) for full year 2022 versus S&P 500

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