Live Nation Entertainment Anticipates Strong Earnings Growth

Live Nation Entertainment, Inc. (LYV) is a live entertainment company with a market cap of $34.2 billion. It owns various venues like House of Blues and The Fillmore. Analysts predict a Q2 profit of $1.05 per share, up from $1.03 last year. LYV saw a 54.6% rally in the past year.

In Q1, LYV’s revenue declined 11% to $3.4 billion, missing estimates by 2.9%. However, its EPS improved, narrowing to a loss of $0.32. Analysts are optimistic about LYV’s stock, with a “Strong Buy” rating. The mean price target for LYV is $168.10, indicating a 14.1% potential upside.

Read more at Yahoo Finance: What You Need to Know Ahead of Live Nation Entertainment’s Earnings Release