Madison Square Garden's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Madison Square Garden (NYSE:MSGE) is set to release its quarterly earnings report on August 18, 2023. Analysts estimate an earnings per share (EPS) of $-0.58. The company's past performance saw a beat in EPS by $0.56, followed by a 4.25% drop in share price. The stock is currently trading at $30.83, with a 0.4% decrease over the last 52-week period.
August 17, 2023 | 2:01 pm
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Madison Square Garden's upcoming earnings report could impact its stock price. The company's past earnings beat was followed by a share price drop. The stock has been generally decreasing over the past year.
The upcoming earnings report is a significant event for Madison Square Garden. Given the company's history of a share price drop following an earnings beat, there is potential for negative impact on the stock price. Additionally, the stock has been on a general downward trend over the past year, which could be exacerbated by the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100