Madison Square Garden Sports Corp expected to post a loss of 14 cents a share - Earnings Preview

MSG Knickerbockers

15/08/2023 14:31

* Madison Square Garden Sports Corp  MSGS.N   MSGS.K  is
expected
to show a fall in quarterly revenue when it reports  results on
August 17. 
    * The New York City-based  company is expected to report  a
29.4% decrease in revenue to $123.772 million from $175.21
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Madison Square
Garden
Sports Corp is for a loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Madison
Square
Garden Sports Corp is $251​, above​ its last closing price
of $208.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.10        1.75       2.18      Beat    24.8
 Dec. 31 2023  1.33        1.36       0.84      Missed  -38.1
 Sep. 30 2022  -1.14       -1.15      -0.73     Beat    36.7​
 Jun. 30 2022  -0.34       -0.39      1.09      Beat    376.3
 ​​Mar.        1.59        1.59       1.00      Missed  -37
 31 2022                                                
 Dec. 31 2021  1.02        1.08       0.65      Missed  -39.7​
 Sep. 30 2021  -0.91       -1.14      -0.68     Beat    40.3
 Jun. 30 2021  -0.78       -0.76      2.03      Beat    366.9
 This summary was machine generated August 15 at 13:31 GMT.  All
figures in US dollars  unless otherwise stated