Live Nation Entertainment, Inc. (NYSE:LYV) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 2.2 per share.
Looking ahead, the full year loss are expected at $ 7.55 per share on the revenues of $ 1999.20 million.
Previous Quarter Performance
Live Nation Entertainment, Inc. disclosed loss for the second quarter of $ 2.67 per share, from the revenue of $ 74.08 million. Street analysts expected Live Nation Entertainment, Inc. to report loss of $ 2.08 per share on revenue of $ 268.37 million for the second quarter. The bottom line results missed street analysts by $ 0.59 or 28.37 percent, at the same time, top line results fell short of analysts by $ 194.29 million or 72.4 percent.
Stock Performance
Shares of Live Nation Entertainment, Inc. traded up $ 1.39 or 2.61 percent on Wednesday, reaching $ 54.73 with volume of 2.45 million shares. Live Nation Entertainment, Inc. has traded high as $ 55.99 and has cracked $ 52.45 on the downward trend
The closing price of $ 54.73, representing a 145.81 % increase from the 52 week low of $ 21.70 and a 30.37 % decrease over the 52 week high of $ 76.60.
The company has a market capital of $ 11.89 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Recent Analyst recommendations
- On 21st September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 56.00 target price.
Conference Call
Live Nation Entertainment, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.livenationentertainment.com
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments.
