Madison Square Garden's Earnings Outlook

Comments
Loading...

Madison Square Garden MSGE is set to give its latest quarterly earnings report on Friday, 2023-08-18. Here's what investors need to know before the announcement.

Analysts estimate that Madison Square Garden will report an earnings per share (EPS) of $-0.58.

Madison Square Garden bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.56, which was followed by a 4.25% drop in the share price the next day.

eps graph

Stock Performance

Shares of Madison Square Garden were trading at $30.83 as of August 16. Over the last 52-week period, shares are down 0.4%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for Madison Square Garden visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!