Live Nation Lost $1.8B in Market Capitalization in Just Three Days. Why?

  • 📰 billboard
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Here's why LiveNation lost $1.8B in market capitalization in just three days

lowered the 2020 EPS estimate by $0.05 but left rating and price target unchanged. Jefferies analysts left their estimates “largely unchanged” and their $84 price target untouched. The titles on some analysts’ reports say it all: “Doing What They Do” , “The Show Goes On” and “No Recession Fear Here” . Analysts had expected third-quarter earnings per share of $0.77, according to data compiled by Thomson Reuters. Live Nation had EPS of $0.74.

3) The concert business can be uneven from year to year: Live Nation had 30 more stadium concerts in 2018 than this year, but will again have more in 2020. , chief investment officer at Baskin Wealth Management, a Toronto-based firm with $1 billion under management. “There’s been a trend in the last few months with earnings: If you don’t beat the analysts’ expectations, for whatever that’s worth, you’re getting hammered,” Baskin says.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Their site ALWAYS crashes & it NEVER works! Good they deserve it for their over priced fees! 😊

omg

$1.8B?!! Damn!!!

interesting ...

woah i’m early :0

Ireland Ireland Latest News, Ireland Ireland Headlines