Madison Square Garden Q3 2024 Adj EPS $1.58 Misses $2.60 Estimate, Sales $430.00M Beat $420.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (MSGS) reported Q3 2024 earnings of $1.58 per share, missing the $2.60 estimate, but sales of $430.00M exceeded the $420.74M forecast, marking a 12.35% increase from the previous year.
May 02, 2024 | 11:33 am
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Madison Square Garden's Q3 2024 earnings per share fell short of expectations at $1.58, against a $2.60 estimate, but sales surpassed forecasts at $430M, a 12.35% increase YOY.
The missed EPS estimate could negatively impact investor sentiment in the short term, but the higher than expected sales and year-over-year growth may offset this by indicating underlying business strength. The mixed results present a neutral outlook, as the positive sales performance could help stabilize the stock price despite the earnings miss.
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IMPORTANCE 90
RELEVANCE 100