Earnings Preview: Madison Square Garden


Madison Square Garden MSGS is set to give its latest quarterly earnings report on Thursday, 2023-05-04. Here's what investors need to know before the announcement.

Analysts estimate that Madison Square Garden will report an earnings per share (EPS) of $1.75.

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).

Historical Earnings Performance

Last quarter the company missed EPS by $0.52, which was followed by a 3.82% increase in the share price the next day.

Here's a look at Madison Square Garden's past performance and the resulting price change:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 1.36 -1.15 -0.39 1.59
EPS Actual 0.84 -0.73 1.09 1
Price Change % 3.82% 2.29% 1.79% -3.37%

Stock Performance

Shares of Madison Square Garden were trading at $203.84 as of May 02. Over the last 52-week period, shares are up 21.43%. Given that these returns are generally positive, long-term shareholders should be satisfied 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
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-EP
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!