Madison Square Garden Entertainment Corp reports results for the quarter ended December 31 - Earnings Summary

• Madison Square Garden Entertainment Corp MSGE.N reported quarterly adjusted earnings of $1.56​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.59. The mean expectation of eight analysts for the quarter was for earnings of $2.19 per share. Wall Street expected results to range from $1.89 to $2.42 per share.

• Revenue rose 1.2% to $407.42 million from a year ago; analysts expected $401.76 million.

• Madison Square Garden Entertainment Corp's reported EPS for the quarter was $1.56​.

• The company reported quarterly net income of $125.37 million.

• Madison Square Garden Entertainment Corp shares had risen by 0.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the entertainment production peer group is also "buy"

Wall Street's median 12-month price target for Madison Square Garden Entertainment Corp is $46.00

This summary was machine generated from LSEG data February 6 at 02:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)