Wall Street analysts expect Live Nation (LYV - Free Report) to post quarterly loss of $1.08 per share in its upcoming report, which indicates a year-over-year increase of 0.9%. Revenues are expected to be $4.72 billion, up 10% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 69.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Live Nation metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Concerts' will likely reach $3.75 billion. The estimate suggests a change of +10.3% year over year.
According to the collective judgment of analysts, 'Revenue- Sponsorship & Advertising' should come in at $252.13 million. The estimate points to a change of +2.7% from the year-ago quarter.
Analysts expect 'Revenue- Ticketing' to come in at $730.24 million. The estimate points to a change of +12.1% from the year-ago quarter.
Analysts forecast 'Adjusted Operating Income (Loss)- Sponsorship & Advertising' to reach $118.86 million. The estimate compares to the year-ago value of $117.70 million.
Analysts' assessment points toward 'Adjusted Operating Income (Loss)- Ticketing' reaching $219.63 million. Compared to the current estimate, the company reported $227.70 million in the same quarter of the previous year.
View all Key Company Metrics for Live Nation here>>>
Shares of Live Nation have demonstrated returns of +2.3% over the past month compared to the Zacks S&P 500 composite's +5.2% change. With a Zacks Rank #3 (Hold), LYV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Wall Street analysts expect Live Nation (LYV - Free Report) to post quarterly loss of $1.08 per share in its upcoming report, which indicates a year-over-year increase of 0.9%. Revenues are expected to be $4.72 billion, up 10% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 69.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Live Nation metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Concerts' will likely reach $3.75 billion. The estimate suggests a change of +10.3% year over year.
According to the collective judgment of analysts, 'Revenue- Sponsorship & Advertising' should come in at $252.13 million. The estimate points to a change of +2.7% from the year-ago quarter.
Analysts expect 'Revenue- Ticketing' to come in at $730.24 million. The estimate points to a change of +12.1% from the year-ago quarter.
Analysts forecast 'Adjusted Operating Income (Loss)- Sponsorship & Advertising' to reach $118.86 million. The estimate compares to the year-ago value of $117.70 million.
Analysts' assessment points toward 'Adjusted Operating Income (Loss)- Ticketing' reaching $219.63 million. Compared to the current estimate, the company reported $227.70 million in the same quarter of the previous year.
View all Key Company Metrics for Live Nation here>>>
Shares of Live Nation have demonstrated returns of +2.3% over the past month compared to the Zacks S&P 500 composite's +5.2% change. With a Zacks Rank #3 (Hold), LYV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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