Live Nation Q3 Earnings Preview: Will Business Moat Outshine Taylor Swift Fiasco?
Portfolio Pulse from Surbhi Jain
Live Nation Entertainment Inc (NYSE:LYV) is set to report Q3 earnings on Nov 2, with Wall Street expecting $1.27 in EPS and $6.94 billion in revenue. The company has been impacted by a class-action lawsuit accusing Ticketmaster of monopolistic practices in the live event & ticketing industry, triggered by botched ticket sales for Taylor Swift's tour. Analysts have a consensus Buy rating on the stock with a price target of $99.16.
November 02, 2023 | 2:46 pm
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Live Nation is expected to report Q3 earnings amid a class-action lawsuit over Ticketmaster's monopolistic practices. The stock has a consensus Buy rating with a price target of $99.16.
The upcoming earnings report and the ongoing lawsuit are significant events for Live Nation. The lawsuit could potentially harm the company's reputation and financials, but the strong Buy rating from analysts suggests confidence in the company's performance. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100