Madison Square Garden Q4 2024 GAAP EPS $(2.00) Misses $(1.35) Estimate, Sales $273.400M Beat $230.097M Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (NYSE:MSGE) reported Q4 2024 GAAP EPS of $(2.00), missing the $(1.35) estimate by 48.15%. However, sales of $273.4M beat the $230.097M estimate by 18.82%, marking a 111.77% increase from the same period last year.
August 16, 2024 | 11:20 am
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Madison Square Garden (NYSE:MSGE) reported a Q4 2024 GAAP EPS of $(2.00), missing the $(1.35) estimate by 48.15%. However, sales of $273.4M beat the $230.097M estimate by 18.82%, marking a 111.77% increase from the same period last year.
The mixed earnings report for MSGE shows a significant EPS miss but a strong sales beat. The EPS miss may concern investors, but the substantial sales growth could offset some of the negative sentiment. Overall, the short-term impact on the stock price is likely to be neutral.
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