For its third fiscal quarter (ending September 30), Live Nation Entertainment Inc (NYSE: LYV) has reported a 26% increase in E.P.S. from $1.47 a year ago to $1.85 in the current quarter. This performance was $0.63 better than the consensus estimate of $1.22. E.P.S. were $1.51 for the latest four quarters through September 30 versus $0.83 for the same period a year ago — an increase of 82%.
Recent Price Action
Live Nation Entertainment Inc (NYSE: LYV) stock closed at $82.45 on 11/2/23 after a large increase of 2.5%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.1% during the last week.
Current PriceTarget Research Rating
LYV's future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Live Nation Entertainment is currently unrated.
Rating Review
The stock is currently unrated.