Madison Square Garden Entertainment Corp Expects FY24 Revenue of $900M-$930M Vs $933.79M Est
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden Entertainment Corp (MSGE) has provided its financial guidance for fiscal year 2024, expecting revenues of $900 million to $930 million, operating income of $100 million to $110 million, and adjusted operating income of $160 million to $170 million. This is slightly below the estimated revenue of $933.79 million.
August 18, 2023 | 11:34 am
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MSGE's projected FY24 revenue is slightly below the estimated $933.79 million, which may negatively impact investor sentiment.
MSGE's projected revenues for FY24 are slightly below the estimated $933.79 million. This lower than expected guidance may lead to negative investor sentiment, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100