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Is APN Outdoor Group Ltd on track to beat the market in 2018?

APN Outdoor Group Ltd (ASX: APO) provided a trading update today and maintained its 1H18 guidance of single-digit revenue growth. The market wasn’t particularly enthused with the share price down 4% at the time of writing.

Despite that, it’s not all doom and gloom. When the company released its FY 2017 results, I wrote that there was reason for optimism with a new management team coming in and potential M&A activity.

Since then, the APN share price is up 20% while the ASX All Ordinaries Index is down 1% which sets the company up to outperform in 2018, although there is still a long way ahead.

APN and its competitors oOh!Media Ltd (ASX: OML) and QMS Media Ltd (ASX: QMS) have seen their shares smashed due to long term headwinds affecting their industry.

As a result, I’m not a long term buyer of their shares but there will be volatility which could create opportunities.

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Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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