Madison Square Garden Q1 EPS $(0.79) Beats $(1.51) Estimate, Sales $43.00M Beat $24.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (NYSE:MSGS) reported Q1 losses of $(0.79) per share, beating the analyst consensus estimate of $(1.51) by 47.68%. The company also reported quarterly sales of $43.00 million, surpassing the analyst consensus estimate of $24.85 million by 73.04%. However, this represents a 8.22% decrease in losses from the same period last year.
November 02, 2023 | 11:54 am
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Madison Square Garden's Q1 results exceeded analyst expectations on both EPS and sales, which could positively impact the stock in the short term. However, the decrease in losses from the same period last year might be a concern for investors.
Madison Square Garden's better-than-expected Q1 results could boost investor confidence and drive the stock price up in the short term. However, the year-over-year decrease in losses might temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100