• Outfront and Lamar Outperform Market in 1Q 2019

    Outfront and Lamar outperformed the market during the first quarter of 2019.

    • Outfront was up 29% during the three months ended March 31, 2019 versus a 13% rise in the S&P 500.  Investors were pleased with Outfront’s 12% annualized revenue growth during the last quarter of 2019..
    • Lamar was up 18% during the first quarter of 2019 versus 13% for the S&P 500.  Lamar revenues improved by a healthy 7% during the fourth quarter of 2019.
    • Clear Channel Outdoor was up 1% during the first quarter of 2019.  A continuing iHeart Media hangover?  Freedom can’t arrive soon enough.

    US Out of Home Company Stock Performance During First Quarter of 2019.  Lamar in Green, Outfront in Purple, Clear Channel Outdoor Blue, S&P 500 Black

    The results for the past five years tell a different story.  Lamar is up 62% for the past five years versus 56% improvement for the market.  Outfront is down 16% over the past five years and Clear Channel Outdoor is down 35% for the past five years.  Outfront and Clear Channel Outdoor were impacted by weak revenue growth and high expense levels for much of the five year period.

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