Live events and entertainment company Live Nation (NYSE: LYV) will be reporting earnings this Tuesday after market hours. Here’s what to look for.
Live Nation beat analysts’ revenue expectations last quarter, reporting revenues of $6.31 billion, up 11.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Live Nation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Live Nation’s revenue to grow 5.7% year on year, a reversal from the 11% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Live Nation has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Live Nation’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Rush Street Interactive delivered year-on-year revenue growth of 41.1%, beating analysts’ expectations by 11.3%, and Monarch reported revenues up 8.9%, topping estimates by 5.2%. Rush Street Interactive traded up 16.6% following the results while Monarch was also up 15.9%.
Read our full analysis of Rush Street Interactive’s results here and Monarch’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 7% on average over the last month. Live Nation is down 1.2% during the same time and is heading into earnings with an average analyst price target of $183.22 (compared to the current share price of $158.25).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
