Live Nation Entertainment
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Live Nation Entertainment's revenues will increase 5.1% and EPS will expand 100.0%.
The average estimate for revenue is $1.63 billion. On the bottom line, the average EPS estimate is $0.08.
Last quarter, Live Nation Entertainment notched revenue of $923.7 million. GAAP reported sales were 6.4% higher than the prior-year quarter's $868.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, EPS came in at -$0.33. GAAP EPS were -$0.33 for Q1 compared to -$0.37 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 37.5%, 40 basis points worse than the prior-year quarter. Operating margin was -3.9%, 70 basis points better than the prior-year quarter. Net margin was -6.8%, 120 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.02 billion. The average EPS estimate is -$0.26.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 166 members out of 194 rating the stock outperform, and 28 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Live Nation Entertainment a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Live Nation Entertainment is outperform, with an average price target of $13.00.
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