For the quarter ended March 2024, Reside Nation (LYV) reported income of $3.8 billion, up 21.5% over the identical interval final yr. EPS got here in at -$0.53, in comparison with -$0.25 within the year-ago quarter.
The reported income represents a shock of +15.50% over the Zacks Consensus Estimate of $3.29 billion. With the consensus EPS estimate being -$0.20, the EPS shock was -165.00%.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders undertaking a inventory’s value efficiency extra precisely.
Right here is how Reside Nation carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Concert events – Estimated followers – Whole: 22,930 thousand versus the four-analyst common estimate of 20,142.25 thousand.
- Concert events – Estimated occasions – Whole: 11,203 thousand in comparison with the ten,262.13 thousand common estimate based mostly on 4 analysts.
- Concert events – Estimated followers – North America: 10,891 thousand in comparison with the 7,880.78 thousand common estimate based mostly on three analysts.
- Ticketing – Whole estimated tickets bought: 155,010 thousand versus the three-analyst common estimate of 149,041.4 thousand.
- Ticketing – Estimated variety of fee-bearing tickets: 76,578 thousand versus the three-analyst common estimate of 73,903.2 thousand.
- Ticketing – Estimated variety of non-fee-bearing tickets: 78,432 thousand versus the three-analyst common estimate of 73,922.31 thousand.
- Concert events – Estimated occasions – Worldwide: 4,026 thousand versus 3,847.99 thousand estimated by three analysts on common.
- Concert events – Estimated occasions – North America: 7,177 thousand versus 6,418.18 thousand estimated by three analysts on common.
- Income- Concert events: $2.88 billion versus the seven-analyst common estimate of $2.41 billion. The reported quantity represents a year-over-year change of +26.2%.
- Income- Different and Eliminations: -$14.40 million versus the seven-analyst common estimate of -$2.24 million. The reported quantity represents a year-over-year change of +800%.
- Income- Sponsorship & Promoting: $211.30 million versus the seven-analyst common estimate of $188.98 million. The reported quantity represents a year-over-year change of +24.2%.
- Income- Ticketing: $723.20 million in comparison with the $695.87 million common estimate based mostly on seven analysts. The reported quantity represents a change of +6.7% yr over yr.
View all Key Company Metrics for Live Nation here>>>
Shares of Reside Nation have returned -14.3% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory at the moment has a Zacks Rank #5 (Robust Promote), indicating that it might underperform the broader market within the close to time period.
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Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report
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