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

MSG Knickerbockers

02/11/2023 13:34

* Madison Square Garden Sports Corp  MSGS.N  reported a
quarterly
adjusted loss of 79 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of -73 cents.  The mean expectation of
four analysts for the quarter was for a loss of $1.51 per share.
Wall Street expected results to range from $-1.87 to $-1.26 per
share.
    * Revenue rose 78.7% to $43.05 million from a year ago;
analysts
expected $24.85 million. 
    * Madison Square Garden Sports Corp's reported EPS for the
quarter
was a loss of 79 cents​.
    * The company reported a quarterly loss of $18.82 million.
    * Madison Square Garden Sports Corp shares had fallen
by 4.9% this
quarter and lost 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.2%
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 $240.50 
This summary was machine generated from LSEG data November 2 at
01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -1.51          -0.79          Beat
 Jun. 30 2023      -0.14          -0.39          Missed
 Mar. 31 2023      1.75           2.18           Beat
 Dec. 31 2022      1.36           0.84           Missed