Earnings to watch: Live Nation (LYV) reports Q3 results tomorrow

What happened

Live Nation is scheduled to report its third-quarter results Thursday afternoon. Analysts expect revenue to grow 12.9% year over year, compared with 11.1% growth in the same quarter last year. Last quarter, the company reported $7.67 billion in revenue, up 9.4%, and exceeded analysts’ revenue and earnings expectations.

Confirmed

Global impact / market context

The results will show whether Live Nation’s revenue growth is accelerating as analysts expect. A revenue shortfall could weaken confidence in demand for live events and weigh on expectations for future sales, while stronger results could support those expectations; the article does not establish either outcome.

Analyst inference

Analysts have generally reaffirmed their estimates over the past 30 days, but Live Nation has missed revenue expectations multiple times in the last two years. Hilton Grand Vacations and Hasbro both beat estimates this quarter, though their results do not determine Live Nation’s performance.

Confirmed

What to watch

1. Check reported third-quarter revenue against analysts’ 12.9% year-over-year growth expectation; the comparison will indicate whether sales growth accelerated from the same quarter last year. Confirmed
2. Look for the company’s earnings per share, or profit allocated to each share, and operating income, which means profit from its main business, versus analysts’ expectations. Analyst inference
3. Watch management’s explanation of ticket demand and event costs; changes in either could affect revenue or profit per sale, but the article gives no forecasts for them. Analyst inference

Evidence

• stockstory.org