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

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

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. Madison Square Garden Sports’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.79) EPS. 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 Stock Performance

Madison Square Garden Sports stock opened at $219.70 on Monday. The business’s fifty day moving average is $223.60 and its two-hundred day moving average is $214.60. The firm has a market cap of $5.26 billion, a P/E ratio of 75.50 and a beta of 0.91. Madison Square Garden Sports has a 52 week low of $178.35 and a 52 week high of $237.99.

Analyst Upgrades and Downgrades

Separately, Macquarie increased their price objective on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the stock 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.