CORRECTION: Madison Square Garden Q4 Adj. EPS (Excl Tax benefits) Of $(0.53) Misses $(0.52) Estimate, GAAP EPS $1.41, Sales $186.07M Beat $169.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (NYSE:MSGE) reported Q4 adjusted EPS of $(0.53), missing the $(0.52) estimate, and GAAP EPS of $1.41. Sales were $186.07M, beating the $169.61M estimate.
August 16, 2024 | 12:02 pm
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Madison Square Garden reported Q4 adjusted EPS of $(0.53), missing the $(0.52) estimate, and GAAP EPS of $1.41. Sales were $186.07M, beating the $169.61M estimate.
While MSGE missed the adjusted EPS estimate by a small margin, the significant beat on sales and the positive GAAP EPS could balance the negative sentiment. The stock price may remain neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100