Valued at a market cap of $34.2 billion, Live Nation Entertainment, Inc. (LYV) is a live entertainment company headquartered in Beverly Hills, California. It owns, operates, and holds exclusive booking rights for a wide range of live entertainment venues. These include its House of Blues music venues as well as iconic locations such as The Fillmore in San Francisco, Brooklyn Bowl, and the Hollywood Palladium. It is expected to announce its fiscal Q2 earnings for 2025 on Tuesday, Jul. 29.
Ahead of this event, analysts expect this live entertainment company to report a profit of $1.05 per share, up 1.9% from $1.03 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street’s bottom-line estimates in each of the last four quarters. In Q1, LYV’s loss per share of $0.32 outpaced the forecasted figure by 5.9%.
For fiscal 2025, analysts expect LYV to report a profit of $2.35 per share, down 14.2% from $2.74 per share in fiscal 2024. Nonetheless, its EPS is expected to grow 16.6% year-over-year to $2.74 in fiscal 2026.
LYV has rallied 54.6% over the past 52 weeks, considerably outpacing both the S&P 500 Index's ($SPX) 11.9% return and the Communication Services Select Sector SPDR Fund’s (XLC) 21.9% uptick over the same time frame.
On May 1, LYV released its Q1 results, and its shares rose 1.9% in the following trading session. Due to a decline in revenue from its core concerts and ticketing segments, the company’s overall revenue fell 11% year-over-year to $3.4 billion and missed the consensus estimates by 2.9%. However, its EPS showed improvement. It narrowed to a loss of $0.32 from a loss of $0.56 recorded in the same period last year and came in 5.9% ahead of Wall Street estimates. Its adjusted free cash flow also advanced 28.5% year-over-year to $216.1 million due to higher net cash provided by operating activities, which might have further bolstered investor confidence.
Wall Street analysts are highly optimistic about LYV’s stock, with a "Strong Buy" rating overall. Among 21 analysts covering the stock, 19 recommend "Strong Buy," one indicates a "Moderate Buy," and one suggests a "Hold” rating. The mean price target for LYV is $168.10, which indicates a 14.1% potential upside from the current levels.
