Stay Nation (LYV) reported $7.65 billion in income for the quarter ended September 2024, representing a year-over-year decline of 6.1%. EPS of $1.66 for a similar interval compares to $1.78 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $7.75 billion, representing a shock of -1.33%. The corporate delivered an EPS shock of +5.06%, with the consensus EPS estimate being $1.58.
Whereas traders intently watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders challenge a inventory’s value efficiency extra precisely.
Right here is how Stay Nation carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Concert events – Estimated followers – Complete: 50.1 million in comparison with the 51.56 million common estimate primarily based on 5 analysts.
- Ticketing – Estimated variety of fee-bearing tickets: 83.23 million versus 86.73 million estimated by 5 analysts on common.
- Concert events – Estimated occasions – Complete: 12.83 million versus the five-analyst common estimate of 12.94 million.
- Concert events – Estimated followers – North America: 32.9 million in comparison with the 35.46 million common estimate primarily based on 4 analysts.
- Concert events – Estimated occasions – Worldwide: 3.17 million in comparison with the three.24 million common estimate primarily based on 4 analysts.
- Concert events – Estimated occasions – North America: 9.66 million versus 9.69 million estimated by 4 analysts on common.
- Concert events – Estimated followers – Worldwide: 17.2 million in comparison with the 16.74 million common estimate primarily based on 4 analysts.
- Ticketing – Estimated variety of non-fee-bearing tickets: 69.16 million versus the three-analyst common estimate of 67.42 million.
- Income- Concert events: $6.58 billion versus $6.64 billion estimated by seven analysts on common. In comparison with the year-ago quarter, this quantity represents a -5.7% change.
- Income- Different and Eliminations: -$13.50 million versus -$19.97 million estimated by seven analysts on common. In comparison with the year-ago quarter, this quantity represents a -37.8% change.
- Income- Sponsorship & Promoting: $390.30 million in comparison with the $404.21 million common estimate primarily based on seven analysts. The reported quantity represents a change of +6.4% yr over yr.
- Income- Ticketing: $693.70 million in comparison with the $743.97 million common estimate primarily based on seven analysts. The reported quantity represents a change of -16.7% yr over yr.
View all Key Company Metrics for Live Nation here>>>
Shares of Stay Nation have returned +7.1% over the previous month versus the Zacks S&P 500 composite’s +4.4% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
Free Report: 5 Clear Vitality Shares with Huge Upside
Vitality is the spine of our economic system. It’s a multi-trillion greenback trade that has created a number of the world’s largest and most worthwhile corporations.
Now state-of-the-art know-how is paving the best way for clear power sources to overhaul “old style” fossil fuels. Trillions of {dollars} are already pouring into clear power initiatives, from solar energy to hydrogen gas cells.
Rising leaders from this house could possibly be a number of the most enjoyable shares in your portfolio.
Download Nuclear to Solar: 5 Stocks Powering the Future to see Zacks’ top picks free today.
Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
