Madison Square Garden Sports Corp reports results for the quarter ended in June - Earnings Summary

MSG Knickerbockers

13/08/2024 14:51

* Madison Square Garden Sports Corp  MSGS.N  reported
quarterly
adjusted earnings of $1.06​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -39 cents.  The mean expectation of
five analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from -12 cents
to $1.01 per share.
    * Revenue rose 79.1% to $227.25 million from a year ago;
analysts
expected $167.57 million. 
    * Madison Square Garden Sports Corp's reported EPS for the
quarter
was $1.06​.
    * The company reported quarterly net income of $25.49
million.
    * Madison Square Garden Sports Corp shares had risen by 4.1%
this
quarter and gained 7.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the entertainment
production peer group is also "buy"

Wall Street's median 12-month price target for Madison Square
Garden Sports Corp is $237.50 
This summary was machine generated from LSEG data August 13 at
01:51 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.38           1.06           Beat
 Mar. 31 2024      2.28           1.57           Missed
 Dec. 31 2023      0.55           0.59           Beat
 Sep. 30 2023      -1.51          -0.79          Beat