The US out of home stocks underperformed the market during the fourth quarter of 2024.  Here’s an analysis if the performance of the public US out of home companies, prepared and analyzed by SignValue.

During the fourth quarter The S&P 500 grew 3%. OUTFRONT (purple) declined 4%.  It did the best of the out of home companies due steady if slow recovery of transit revenues.    Lamar (green) declined 9%.   Clear Channel Outdoor (blue)declined 16%.  Clear Channel Outdoor’s high leverage means it will have more risk and be more volatile than Lamar or OUTFRONT.

The 2024 numbers tell a slightly different story.  OUTFRONT grew 26% versus 25% for the S&P 500.  Lamar grew 25%.  Clear Channel Outdoor declined 26%.

Take the long view (ten years) and you’d have been better off holding Lamar stock.  For the 10 years ended December 31, 2024, the S&P 500 grew 190%, Lamar grew 128%, OUTFRONT declined 34% and Clear Channel Outdoor declined 88%.

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

To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title.  Our newsletter is free and we don’t sell our subscriber list.

Paid Advertisement