Madison Square Garden Sports (MSGS) Projected to Post Quarterly Earnings on Tuesday

Madison Square Garden Sports (NYSE:MSGS) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Madison Square Garden Sports to post earnings of $0.30 per share and revenue of $352.68 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.86) by $0.55. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The company had revenue of $53.31 million during the quarter, compared to the consensus estimate of $43.71 million. During the same period in the prior year, the company earned ($0.79) earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, analysts expect Madison Square Garden Sports to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Madison Square Garden Sports Price Performance

NYSE:MSGS opened at $219.70 on Monday. The business’s 50-day simple moving average is $223.60 and its 200-day simple moving average is $214.60. Madison Square Garden Sports has a fifty-two week low of $178.35 and a fifty-two week high of $237.99. The stock has a market capitalization of $5.26 billion, a PE ratio of 75.50 and a beta of 0.91.

Analysts Set New Price Targets

Separately, Macquarie upped their price target on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th.

About Madison Square Garden Sports

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.