Live Nation Entertainment Inc (NYSE: LYV) has reported a loss for its first fiscal quarter (ending March 31) of $-0.53 versus a loss $-0.25 for the same period a year ago. E.P.S. were $1.11 for the latest four quarters through March 31 versus $0.79 for the same period a year ago — an increase of 41%.
Recent Price Action
On 5/2/24, Live Nation Entertainment Inc (NYSE: LYV) stock declined modestly by -1.1%, closing at $88.27. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -1.5% 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.
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