Live Nation Entertainment Inc reports results for the quarter ended December 31 - Earnings Summary

• Live Nation Entertainment Inc LYV.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.25. The mean expectation of nineteen analysts for the quarter was for a loss of $1.13 per share. Wall Street expected results to range from $-1.56 to -79 cents per share.

• Revenue fell 2.7% to $5.68 billion from a year ago; analysts expected $5.60 billion.

• Live Nation Entertainment Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $132.1 million.

• Live Nation Entertainment Inc shares had risen by 18.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the entertainment production peer group is also "buy"

Wall Street's median 12-month price target for Live Nation Entertainment Inc is $153.50

This summary was machine generated from LSEG data February 21 at 04:51 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)