Madison Square Garden Sports Second Quarter 2024 Earnings: EPS Beats Expectations
Madison Square Garden Sports (NYSE:MSGS) Second Quarter 2024 Results
Key Financial Results
Revenue: US$326.9m (down 7.6% from 2Q 2023).
Net income: US$14.2m (down 30% from 2Q 2023).
Profit margin: 4.4% (down from 5.8% in 2Q 2023).
EPS: US$0.59 (down from US$0.85 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Madison Square Garden Sports EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are up 5.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Madison Square Garden Sports has 4 warning signs (and 1 which is a bit concerning) we think you should know about.
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