How Have the Numbers Shaped Up for Madison Square Garden Entertainment (NYSE:MSGE)

Earnings results for Madison Square Garden Entertainment (NYSE:MSGE)

Madison Square Garden Entertainment Corp. is estimated to report earnings on 08/13/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-3.06. The reported EPS for the same quarter last year was $-2.52.

Madison Square Garden Entertainment last announced its earnings results on May 7th, 2021. The reported ($3.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.38) by $0.72. The company had revenue of $43.10 million for the quarter, compared to analyst estimates of $44.42 million. Its revenue for the quarter was down 78.4% on a year-over-year basis. Madison Square Garden Entertainment has generated ($3.72) earnings per share over the last year (($7.26) diluted earnings per share). Earnings for Madison Square Garden Entertainment are expected to grow in the coming year, from ($13.98) to ($2.28) per share. Madison Square Garden Entertainment has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, August 13th, 2021 based off prior year’s report dates.

Analyst Opinion on Madison Square Garden Entertainment (NYSE:MSGE)

6 Wall Street analysts have issued ratings and price targets for Madison Square Garden Entertainment in the last 12 months. Their average twelve-month price target is $99.80, predicting that the stock has a possible upside of 43.33%. The high price target for MSGE is $108.00 and the low price target for MSGE is $85.00. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Madison Square Garden Entertainment has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $99.80, Madison Square Garden Entertainment has a forecasted upside of 43.3% from its current price of $69.63. Madison Square Garden Entertainment has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Madison Square Garden Entertainment (NYSE:MSGE)

Madison Square Garden Entertainment does not currently pay a dividend. Madison Square Garden Entertainment does not have a long track record of dividend growth.

Insiders buying/selling: Madison Square Garden Entertainment (NYSE:MSGE)

In the past three months, Madison Square Garden Entertainment insiders have not sold or bought any company stock. 21.73% of the stock of Madison Square Garden Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health. 61.02% of the stock of Madison Square Garden Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Madison Square Garden Entertainment (NYSE:MSGE

Earnings for Madison Square Garden Entertainment are expected to grow in the coming year, from ($13.98) to ($2.28) per share. The P/E ratio of Madison Square Garden Entertainment is -9.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Madison Square Garden Entertainment is -9.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Madison Square Garden Entertainment has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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