Madison Square Garden Sports Corp reports results for the quarter ended June 30 - Earnings Summary

• Madison Square Garden Sports Corp MSGS.N reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of four analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -34 cents to 32 cents per share.

• Revenue fell 10.3% to $203.96 million from a year ago; analysts expected $154.55 million.

• Madison Square Garden Sports Corp's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $1.78 million.

• Madison Square Garden Sports Corp shares had fallen by 3.1% this quarter and lost 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 70.9% 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 4 "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 Sports Corp is $270.00, about 25% above its last closing price of $202.48

This summary was machine generated from LSEG data August 12 at 01:31 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)