Madison Square Garden Q4 EPS $(0.39) Misses $(0.14) Estimate, Sales $126.90M Beat $123.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (NYSE:MSGS) reported Q4 losses of $(0.39) per share, missing the analyst consensus estimate of $(0.14) by 178.57%. This is a 135.14% decrease from last year's earnings. However, the company's quarterly sales of $126.90 million beat the analyst consensus estimate of $123.77 million by 2.53%, despite being a 27.57% decrease from last year's sales.
August 17, 2023 | 11:30 am
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NEGATIVE IMPACT
Madison Square Garden's Q4 earnings per share missed estimates by a significant margin, which could negatively impact the stock price. However, the company beat sales estimates, which could offset some of the negative impact.
The company's earnings per share missed estimates by a large margin, which is likely to negatively impact investor sentiment and potentially drive the stock price down. However, the fact that sales beat estimates could provide some positive sentiment, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100