LYV To Post Mixed Results For LYV, Line Up Not Strong

Analysts at Morgan Joseph maintain their "hold" rating on Live Nation Inc (NYSE: LYV).

Live Nation is scheduled to report its Q4 operating results on February 25. Morgan Joseph expects LYV’s revenues to be ahead of the consensus, but EBITDA to miss the consensus. “We expect Q4 not only to be seasonally slow but to experience y/y declines in sales and profits due to weaker line-ups,” the analysts say.

“Moving into 2010, we expect LYV to outperform its 2009 free cash flow results based on its current asset mix, along with continued benefits from the recoupment of payments under the 360 deals in 2010…We believe the merger with Ticketmaster will help lift liquidity concerns by providing LYV with access to some of Ticketmaster's cash and positive free cash flow,” Morgan Joseph adds.

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