Madison Square Garden (NYSE:MSGE) is set to give its latest quarterly earnings report on Friday, 2023-08-18. Here’s what investors need to know before the announcement.
Analysts estimate that Madison Square Garden will report an earnings per share (EPS) of $-0.58.
Madison Square Garden bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat EPS by $0.56, which was followed by a 4.25% drop in the share price the next day.
Stock Performance
Shares of Madison Square Garden were trading at $30.83 as of August 16. Over the last 52-week period, shares are down 0.4%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Madison Square Garden visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
