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Strength Seen in Live Nation (LYV): Can Its 7.1% Jump Turn into More Strength?
LYVLive Nation Entertainment(LYV) ZACKS·2024-11-07 17:11

Group 1 - Live Nation (LYV) shares increased by 7.1% to close at 125.99,withnotabletradingvolumecomparedtotypicalsessions,anda5.4125.99, with notable trading volume compared to typical sessions, and a 5.4% gain over the past four weeks [1][2] - The rise in LYV shares is attributed to strong global fan demand leading to increased ticket sales, along with benefits from sponsorship and advertising, and reduced regulatory concerns following Donald Trump's return to the presidential position in January 2025 [2] - The upcoming quarterly earnings report for Live Nation is expected to show earnings of 1.58 per share, reflecting an 11.2% year-over-year decline, with revenues projected at 7.91billion,down37.91 billion, down 3% from the previous year [3] Group 2 - The consensus EPS estimate for Live Nation has been revised 1.8% higher in the last 30 days, indicating a positive trend that may lead to price appreciation [4] - Live Nation holds a Zacks Rank of 3 (Hold), while another company in the same industry, Atour Lifestyle Holdings Limited Sponsored ADR (ATAT), experienced a 1.1% decline to 26.40 and has returned -4.7% over the past month [4] - Atour Lifestyle Holdings Limited Sponsored ADR's consensus EPS estimate has decreased by 3.9% to $0.38, representing a 40.7% increase compared to the previous year's EPS, and it also holds a Zacks Rank of 3 (Hold) [5]