MSG Entertainment (NYSE:MSGE) Posts Quarterly Earnings Results, Misses Expectations By $1.05 EPS

MSG Entertainment (NYSE:MSGE) released its quarterly earnings results on Thursday. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($1.05), Zacks reports. MSG Entertainment had a net margin of 18.38% and a negative return on equity of 261.70%.

MSG Entertainment Stock Up 2.9 %

Shares of MSGE traded up $1.04 during mid-day trading on Friday, hitting $36.79. 463,334 shares of the company’s stock traded hands, compared to its average volume of 385,735. The firm has a market capitalization of $1.77 billion, a P/E ratio of 10.05, a PEG ratio of 3.31 and a beta of 0.05. The business’s 50-day moving average price is $35.42 and its 200-day moving average price is $38.49. MSG Entertainment has a 1 year low of $32.40 and a 1 year high of $44.14.

MSG Entertainment Company Profile

Sphere Entertainment Co is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming.