We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Factors Setting the Tone for Live Nation's (LYV) Q2 Earnings
Read MoreHide Full Article
Live Nation Entertainment, Inc. (LYV - Free Report) is scheduled to report second-quarter 2018 results on Jul 26, after market close. The company’s earnings have surpassed the Zacks Consensus Estimate in two of the trailing four quarters, with an average beat of 15.6%.
Q2 Expectations
The question lingering in investors’ minds now is whether Live Nation will be able to deliver a positive earnings surprise in the quarter to be reported. The Zacks Consensus Estimate for second-quarter earnings is pegged at 20 cents, lower than 29 cents reported in the year-ago quarter. Of late, the company’s earnings estimates for the second quarter have been stable. Meanwhile, the Zacks Consensus Estimate for revenues is $2,847 million, up 1% from the year-ago actual figure.
Let’s delve deeper to find out how the company’s top and bottom line will shape up this earnings season.
Factors at Play
Live Nation’s top line in the second quarter is likely to be driven by growth across all its segments — concerts, sponsorship and ticketing. The company expects solid consumer demand, and decent supply of new and established artists to continue boosting results. Additionally, it is benefiting from increased supply and demand for global concerts industry.
Also, Live Nation’s initiatives like improvement of VIP offerings, increasing point of sales and improving product selection are likely to drive spending per fan by $2.50 this summer.
In fact, Live Nation incurs high expenses due to these rigorous sales building efforts, which in turn might impact the company’s earnings in the quarter to be reported.
Live Nation Entertainment, Inc. Price, Consensus and EPS Surprise
Our proven model shows that Live Nation does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat in the second quarter. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Live Nation has an Earnings ESP of -8.86%. Notably, Earnings ESP represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate.
Zacks Rank: Live Nation has a Zacks Rank #3.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some stocks from the Leisure and Recreation Products industry that investors may consider as our model shows that they have the right combination of elements to post an earnings beat in the to-be-reported quarter:
Malibu Boats, Inc. (MBUU - Free Report) has an Earnings ESP of +1.23% and a Zacks Rank #2 (Buy).
Acushnet Holdings Corp. (GOLF - Free Report) has an Earnings ESP of +6.69% and a Zacks Rank of 3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Factors Setting the Tone for Live Nation's (LYV) Q2 Earnings
Live Nation Entertainment, Inc. (LYV - Free Report) is scheduled to report second-quarter 2018 results on Jul 26, after market close. The company’s earnings have surpassed the Zacks Consensus Estimate in two of the trailing four quarters, with an average beat of 15.6%.
Q2 Expectations
The question lingering in investors’ minds now is whether Live Nation will be able to deliver a positive earnings surprise in the quarter to be reported. The Zacks Consensus Estimate for second-quarter earnings is pegged at 20 cents, lower than 29 cents reported in the year-ago quarter. Of late, the company’s earnings estimates for the second quarter have been stable. Meanwhile, the Zacks Consensus Estimate for revenues is $2,847 million, up 1% from the year-ago actual figure.
Let’s delve deeper to find out how the company’s top and bottom line will shape up this earnings season.
Factors at Play
Live Nation’s top line in the second quarter is likely to be driven by growth across all its segments — concerts, sponsorship and ticketing. The company expects solid consumer demand, and decent supply of new and established artists to continue boosting results. Additionally, it is benefiting from increased supply and demand for global concerts industry.
Also, Live Nation’s initiatives like improvement of VIP offerings, increasing point of sales and improving product selection are likely to drive spending per fan by $2.50 this summer.
In fact, Live Nation incurs high expenses due to these rigorous sales building efforts, which in turn might impact the company’s earnings in the quarter to be reported.
Live Nation Entertainment, Inc. Price, Consensus and EPS Surprise
Live Nation Entertainment, Inc. Price, Consensus and EPS Surprise | Live Nation Entertainment, Inc. Quote
Quantitative Model Prediction
Our proven model shows that Live Nation does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat in the second quarter. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Live Nation has an Earnings ESP of -8.86%. Notably, Earnings ESP represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate.
Zacks Rank: Live Nation has a Zacks Rank #3.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some stocks from the Leisure and Recreation Products industry that investors may consider as our model shows that they have the right combination of elements to post an earnings beat in the to-be-reported quarter:
Callaway Golf Company has an Earnings ESP of +1.65% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Malibu Boats, Inc. (MBUU - Free Report) has an Earnings ESP of +1.23% and a Zacks Rank #2 (Buy).
Acushnet Holdings Corp. (GOLF - Free Report) has an Earnings ESP of +6.69% and a Zacks Rank of 3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>