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

MSG Knickerbockers

04/05/2023 14:30

* Madison Square Garden Sports Corp  MSGS.N  reported
quarterly
adjusted earnings of $2.18​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for earnings of $1.75 per share.
    * Revenue rose 13.3% to $382.74 million from a year ago;
analysts
expected $369.45 million. 
    * Madison Square Garden Sports Corp's reported EPS for the
quarter
was $2.18​.
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Madison Square Garden Sports Corp shares had risen by 3.6%
this
quarter and gained 10.2% so far this year.
    * The company reported quarterly net income of $52.38
million.
    * Wall Street's median 12-month price target for Madison
Square
Garden Sports Corp is $228.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
4 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.75           2.18           Beat
 Dec. 31 2022      1.36           0.84           Missed
 Sep. 30 2022      -1.15          -0.73          Beat
 Jun. 30 2022      -0.39          1.09           Beat