* Madison Square Garden Sports Corp reported quarterly adjusted earnings of $1.06 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -39 cents. The mean expectation of five analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from -12 cents to $1.01 per share.
* Revenue rose 79.1% to $227.25 million from a year ago; analysts expected $167.57 million.
* Madison Square Garden Sports Corp's reported EPS for the quarter was $1.06.
* The company reported quarterly net income of $25.49 million.
* Madison Square Garden Sports Corp shares had risen by 4.1% this quarter and gained 7.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 18.1% in the last three months.
* In the last 30 days, there have been no negative revisions of 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 $237.50 This summary was machine generated from LSEG data August 13 at 01:51 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
Jun. 30 2024 0.38 1.06 Beat
Mar. 31 2024 2.28 1.57 Missed
Dec. 31 2023 0.55 0.59 Beat
Sep. 30 2023 -1.51 -0.79 Beat
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