With the business possibly at an important milestone, we thought we should take a closer look Live Nation Entertainment, Inc. (NYSE: LYV) Future prospects. Live Nation Entertainment, Inc. operates as a live entertainment company. With a recent loss of $ 1.7 billion and a loss of $ 1.8 billion over the past twelve months, the $ 20 billion market-cap company added to its loss by moving further from its break-even point. Target distant. With the road to profitability being the theme for Live Nation Entertainment investors, we decided to measure market sentiment. In this article, we look at expectations for the company’s growth and when analysts expect it to be profitable.
According to the 14 industry analysts at Live Nation Entertainment, there is consensus that break-even is close. They anticipate the company will post a final loss in 2021 before posting positive profit of $ 243 million in 2022. Hence, the company is expected to break even in a little over a year. How fast does the company have to grow each year to break even by 2022? Based on the analysts’ estimates, it turns out that they expect the company to grow an average of 58% year-on-year, which signals a high level of analyst confidence. If this rate turns out to be too aggressive, the company can become profitable much later than analysts predict.
Since this is a general overview, we won’t go into Live Nation Entertainment’s upcoming projects, but keep in mind that a high rate of growth is generally not uncommon, especially when a company is at a time of investment.
One thing that we want to bring to light with Live Nation Entertainment is that it currently has negative equity on its balance sheet. Accounting policies used to handle losses accumulated over time can cause this. This is because liabilities are carried forward until they are canceled. These losses usually only appear on paper, but can be a warning in other cases.
There are too many aspects of Live Nation Entertainment to be covered in one short article, but the most important fundamentals for the company are all in one place – Live Nation Entertainment corporate page on Simply Wall St. We’ve also put together a list of key factors to keep in mind:
- rating: What is Live Nation Entertainment worth today? Is the future growth potential already factored into the price? The Infographic on intrinsic value in our free research report helps to visualize whether Live Nation Entertainment is currently being mispriced by the market.
- Management team: An experienced management team at the top strengthens our confidence in the business – see who sits on the board of Live Nation Entertainment and the background of the CEO.
- Other high performing stocks: Are there any other stocks that have a proven track record of offering better prospects? Discover our Free list of these great stocks here.
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This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamentals. Note that our analysis may not take into account the latest company announcements or quality material, which may be sensitive to the price. Simply Wall St has no position in the stocks mentioned.
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