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

• Live Nation Entertainment Inc LYV.N reported a quarterly adjusted loss of 32 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -53 cents. The mean expectation of eighteen analysts for the quarter was for a loss of 40 cents per share. Wall Street expected results to range from -74 cents to -17 cents per share.

• Revenue fell 11% to $3.38 billion from a year ago; analysts expected $3.50 billion.

• Live Nation Entertainment Inc's reported EPS for the quarter was a loss of 32 cents​.

• The company reported a quarterly loss of $23.2 million.

• Live Nation Entertainment Inc shares had risen by 1.4% this quarter and gained 2.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 378.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 2 "hold" and 1 "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 $165.50

This summary was machine generated from LSEG data May 2 at 04:20 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)