The upcoming report from Live Nation (LYV Quick QuoteLYV - Free Report) is expected to reveal quarterly earnings of $1.37 per share, indicating a decline of 17.5% compared to the year-ago period. Analysts forecast revenues of $8.64 billion, representing an increase of 12.9% year over year.

The consensus EPS estimate for the quarter has undergone an upward revision of 2.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Live Nation metrics that are commonly tracked and forecasted by Wall Street analysts.

The consensus estimate for 'Revenue- Concerts' stands at $7.43 billion. The estimate indicates a year-over-year change of +12.9%.

Analysts predict that the 'Revenue- Sponsorship & Advertising' will reach $440.64 million. The estimate indicates a change of +12.9% from the prior-year quarter.

Analysts expect 'Revenue- Ticketing' to come in at $814.06 million. The estimate indicates a year-over-year change of +17.4%.

Analysts' assessment points toward 'Concerts - Estimated Attendance - Total' reaching 53.30 million. The estimate is in contrast to the year-ago figure of 50.10 million.

The consensus among analysts is that 'Ticketing - Total Fee-Bearing Number of Tickets Sold' will reach 91.80 million. Compared to the present estimate, the company reported 83.23 million in the same quarter last year.

Based on the collective assessment of analysts, 'Concerts - Estimated Events - Total' should arrive at 12.79 million. The estimate compares to the year-ago value of 12.83 million.

According to the collective judgment of analysts, 'Concerts - Estimated Attendance - North America' should come in at 35.87 million. The estimate is in contrast to the year-ago figure of 32.90 million.

The combined assessment of analysts suggests that 'Concerts - Estimated Events - International' will likely reach 3.22 million. Compared to the current estimate, the company reported 3.17 million in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Concerts - Estimated Events - North America' of 9.52 million. Compared to the current estimate, the company reported 9.66 million in the same quarter of the previous year.

The average prediction of analysts places 'Concerts - Estimated Attendance - International' at 17.63 million. Compared to the present estimate, the company reported 17.20 million in the same quarter last year.

It is projected by analysts that the 'Ticketing - Total Non-Fee-Bearing Number of Tickets Sold' will reach 71.28 million. The estimate compares to the year-ago value of 69.16 million.

Analysts forecast 'Ticketing - Total Global Number of Tickets Sold' to reach 163.75 million. The estimate is in contrast to the year-ago figure of 152.40 million.

Over the past month, Live Nation shares have recorded returns of -5.5% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #4 (Sell), LYV will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .