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

MSG Knickerbockers

03/05/2024 18:00

* Madison Square Garden Sports Corp  MSGS.N  reported
quarterly
adjusted earnings of $1.57​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of $2.18.  The mean expectation of five analysts
for the quarter was for earnings of $2.28 per share. Wall Street
expected results to range from $1.57  to $3.17 per share.
    * Revenue rose 12.3% to $429.95 million from a year ago;
analysts
expected $420.74 million. 
    * Madison Square Garden Sports Corp's reported EPS for the
quarter
was $1.57​.
    * The company reported quarterly net income of $37.88
million.
    * Madison Square Garden Sports Corp shares had fallen
by 0.7% this
quarter and gained 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 $240.00 
This summary was machine generated from LSEG data May 3 at 04:59
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
 Mar. 31 2024      2.28           1.57           Missed
 Dec. 31 2023      0.55           0.59           Beat
 Sep. 30 2023      -1.51          -0.79          Beat
 Jun. 30 2023      -0.14          -0.39          Missed