Yahoo Finance Madison Square Garden Entertainment Third Quarter 2024 Earnings: EPS Misses Expectations
Madison Square Garden Entertainment (NYSE:MSGE) Third Quarter 2024 Results
Key Financial Results
Revenue: US$228.3m (up 14% from 3Q 2023).
Net income: US$2.80m (down 87% from 3Q 2023).
Profit margin: 1.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.058 (down from US$0.42 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Madison Square Garden Entertainment EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 5.0% 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 down 6.6% from a week ago.
Risk Analysis
Be aware that Madison Square Garden Entertainment is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...
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