Madison Square Garden Sports Corp reports results for the quarter ended in September 30 - Earnings Summary

MSG Knickerbockers

01/11/2024 14:25

* Madison Square Garden Sports Corp  MSGS.N  reported a
quarterly
adjusted loss of 31 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -79 cents.  The mean expectation of
five analysts for the quarter was for a loss of 86 cents per
share. Wall Street expected results to range from $-1.08 to -49
cents per share.
    * Revenue rose 23.8% to $53.31 million from a year ago;
analysts
expected $43.67 million. 
    * Madison Square Garden Sports Corp's reported EPS for the
quarter
was a loss of 31 cents​.
    * The company reported a quarterly loss of $7.54 million.
    * Madison Square Garden Sports Corp shares had risen by 6.9%
this
quarter and gained 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 37% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $235.00 
This summary was machine generated from LSEG data November 1 at
02:25 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
 Sep. 30 2024      -0.86          -0.31          Beat
 Jun. 30 2024      0.38           1.06           Beat
 Mar. 31 2024      2.28           1.57           Missed
 Dec. 31 2023      0.55           0.59           Beat