Live Nation Entertainment(LYV) ZACKS·2024-11-06 15:20Core Viewpoint - Live Nation (LYV) is expected to report quarterly earnings of 7.91 billion, a decrease of 3% compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 1.8% over the past 30 days, indicating analysts' reassessment of their projections [1][2]. Revenue Breakdown - Analysts estimate 'Revenue- Concerts' to be 404.21 million, showing a growth of 10.2% from the previous year [4]. - 'Revenue- Ticketing' is expected to reach $743.97 million, indicating a decline of 10.7% year over year [4]. Attendance and Ticketing Metrics - 'Concerts - Estimated fans - Total' is forecasted at 51.56 million, down from 52.28 million in the same quarter last year [5]. - 'Ticketing - Estimated number of fee-bearing tickets' is expected to be 86.73 million, compared to 89.3 million in the same quarter last year [5]. - 'Concerts - Estimated events - Total' is projected at 12.94 million, up from 12.09 million in the previous year [6]. - 'Concerts - Estimated fans - North America' is estimated at 35.46 million, compared to 34.19 million last year [6]. - 'Concerts - Estimated events - International' is expected to reach 3.24 million, up from 3.01 million in the previous year [7]. - 'Concerts - Estimated events - North America' is forecasted at 9.69 million, compared to 9.08 million last year [7]. - 'Concerts - Estimated fans - International' is projected at 16.74 million, down from 18.09 million in the previous year [8]. - 'Ticketing - Estimated number of non-fee-bearing tickets' is expected to be 67.42 million, compared to 66.08 million last year [8]. - 'Ticketing - Total estimated tickets sold' is projected at 154.63 million, down from 155.38 million in the same quarter last year [9]. Stock Performance - Over the past month, Live Nation shares have increased by 5.4%, outperforming the Zacks S&P 500 composite, which saw a change of 0.7% [9].