Live Nation Entertainment Earnings Preview: Get Ahead of the Analysts

Live Nation Entertainment (NYSE:LYV) will report earnings after markets close on Tuesday, May 7th. Live Nation Entertainment, Inc. produces live concerts and sells tickets to those events over the Internet. The Company also offers ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters.

Here is your Cheat Sheet to Live Nation Entertainment Earnings:

Earnings Expectations: Analysts expect earnings of $-0.37 per share on revenues of $914.37 million.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.03 to a profit $0.11. For the current year, the average estimate is a loss of $0.26, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Live Nation Entertainment has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 4,085 4,181 5,064 5,384 5,819
Diluted EPS ($) -3.14 -0.73 -1.39 -0.46 -0.87

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,186 868.00 1,551 1,963 1,437
Diluted EPS ($) -0.5345 -0.37 0.04 0.31 -0.8530

Past Performance:
Live Nation Entertainment has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]