Madison Square Garden Sports Corp expected to post earnings of 55 cents a share - Earnings Preview

MSG Knickerbockers

02/02/2024 14:00

* Madison Square Garden Sports Corp  MSGS.N   MSGS.K  is
expected
to show a fall in quarterly revenue when it reports  results on
February 6 for the period ending December 31 2023
    * The New York City-based  company is expected to report a
7.9% decrease in revenue to $325.721 million from $353.69
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Madison Square Garden
Sports
Corp is for earnings of 55 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 $235.00​, above​ its last closing price
of $186.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -1.56       -1.51      -0.79     Beat    47.8
 Jun. 30 2023  -0.11       -0.14      -0.39     Missed  -183
 Mar. 31 2023  1.10        1.75       2.18      Beat    24.8​
 Dec. 31 2022  1.33        1.36       0.84      Missed  -38.1
 ​​Sep.        -1.14       -1.15      -0.73     Beat    36.7
 30 2022                                                
 Jun. 30 2022  -0.34       -0.39      1.09      Beat    376.3​
 Mar. 31 2022  1.59        1.59       1.00      Missed  -37
 Dec. 31 2021  1.02        1.08       0.65      Missed  -39.7
 This summary was machine generated February 2 at 14:00 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)