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

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $352,680.00 billion for the quarter.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.86) by $0.55. The firm had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The business's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the business posted ($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 Price Performance

Madison Square Garden Sports stock traded down $0.04 during mid-day trading on Tuesday, hitting $221.51. The company's stock had a trading volume of 13,475 shares, compared to its average volume of 76,271. The business has a 50 day moving average price of $224.10 and a 200-day moving average price of $214.10. Madison Square Garden Sports has a 12 month low of $178.35 and a 12 month high of $237.99. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 76.21 and a beta of 0.91.

Wall Street Analyst Weigh In

Separately, Macquarie lifted their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th.

Madison Square Garden Sports Company Profile

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.