LiveXLive Media, Inc. (LIVX) Expected to Post Quarterly Sales of $9.01 Million

Wall Street brokerages predict that LiveXLive Media, Inc. (NYSE:LIVX) will post $9.01 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for LiveXLive Media’s earnings, with estimates ranging from $8.82 million to $9.20 million. The company is expected to report its next earnings report on Wednesday, February 13th.

On average, analysts expect that LiveXLive Media will report full-year sales of $36.94 million for the current financial year, with estimates ranging from $36.38 million to $37.50 million. For the next financial year, analysts anticipate that the business will post sales of $117.82 million, with estimates ranging from $90.00 million to $145.64 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow LiveXLive Media.

Separately, HC Wainwright reaffirmed a “buy” rating on shares of LiveXLive Media in a report on Friday, October 19th.

NYSE LIVX traded up $0.75 on Friday, hitting $5.10. 3,817 shares of the stock traded hands, compared to its average volume of 76,684. LiveXLive Media has a 12 month low of $2.52 and a 12 month high of $11.11.

LiveXLive Media Company Profile

LiveXLive Media, Inc operates Internet networks for live music and music-related video content. The company operates through three segments: Corporate, Live Events, and Ticketing. Its network operates as an online destination for music fans to enjoy live performances from music venues and music festivals, such as Rock in Rio, Hangout Music Festival, and Outside Lands Music and Arts Festival, as well as original content, artist exclusives, and industry interviews.

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