Brokerages expect Madison Square Garden Sports Corp. (NASDAQ:MSGS) to announce ($0.72) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Madison Square Garden Sports’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at ($1.53). Madison Square Garden Sports posted earnings of $3.93 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 118.3%. The business is scheduled to issue its next earnings results on Friday, February 5th.
According to Zacks, analysts expect that Madison Square Garden Sports will report full-year earnings of ($3.83) per share for the current fiscal year, with EPS estimates ranging from ($6.10) to $0.10. For the next fiscal year, analysts forecast that the company will report earnings of $1.09 per share, with EPS estimates ranging from $0.07 to $2.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Madison Square Garden Sports.
Madison Square Garden Sports (NASDAQ:MSGS) last released its earnings results on Saturday, November 14th. The company reported ($1.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.54). The company had revenue of $57.00 million for the quarter, compared to analysts’ expectations of $57.35 million. The firm’s revenue was up 14.2% compared to the same quarter last year.
MSGS has been the subject of several research analyst reports. BidaskClub cut shares of Madison Square Garden Sports from a “hold” rating to a “sell” rating in a research note on Wednesday. Berenberg Bank initiated coverage on shares of Madison Square Garden Sports in a research note on Thursday, October 1st. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Madison Square Garden Sports in a report on Tuesday, October 6th. They issued an “overweight” rating and a $195.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Madison Square Garden Sports currently has a consensus rating of “Buy” and a consensus price target of $202.00.
An institutional investor recently bought a new position in Madison Square Garden Sports stock. Morgan Stanley bought a new position in Madison Square Garden Sports Corp. (NASDAQ:MSGS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,987 shares of the company’s stock, valued at approximately $8,877,000. Morgan Stanley owned about 0.18% of Madison Square Garden Sports as of its most recent filing with the Securities and Exchange Commission.
NASDAQ:MSGS traded up $0.02 during trading hours on Friday, hitting $177.54. 340 shares of the company traded hands, compared to its average volume of 234,094. Madison Square Garden Sports has a twelve month low of $140.15 and a twelve month high of $316.39. The firm has a 50-day moving average of $172.12 and a 200 day moving average of $159.87.
Madison Square Garden Sports Company Profile
Madison Square Garden Sports Corp. operates as a professional sports company. Its portfolio of assets include the New York Knickerbockers of the National Basketball Association (NBA), and the New York Rangers of the National Hockey League; two development league teams, including the Hartford Wolf Pack of the American Hockey League, and the Westchester Knicks of the NBA G League; Knicks Gaming, an esports franchise; and esports teams.
Featured Story: What are the benefits of a portfolio tracker?
Get a free copy of the Zacks research report on Madison Square Garden Sports (MSGS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com