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Madison Square Garden Q3 Earnings Preview

Benzinga Newsdesk

On Wednesday, Madison Square Garden (NASDAQ: MSG) will report its last quarter's earnings. Here is Benzinga's take on the company's release.

Earnings and Revenue

Wall Street analysts see Madison Square Garden reporting a loss of 8 cents per share on revenue of $447.6 million.

Madison Square Garden's loss in the same period a year ago was 74 cents per share. Quarterly sales came in at $386 million. If the company were to match the consensus estimate, earnings would be down 89.19 percent. Revenue would be have grown 15.96 percent from the same quarter last year. Here's how the Madison Square Garden's reported EPS has stacked up against analyst estimates in the past:

View more earnings on MSG

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate 2.06 -0.86 -1.24 -0.39
EPS Actual 3.2 -0.47 -3.18 -0.74

 

Stock Performance

For a full 12 months, the return has risen by 20.44 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate Madison Square Garden stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Madison Square Garden is scheduled to hold a conference call at 10:00 a.m. ET and it can be accessed here: https://www.themadisonsquaregardencompany.com/

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