Madison Square Garden Sports Second Quarter 2024 Earnings: EPS Beats Expectations

Madison Square Garden Sports (NYSE:MSGS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$326.9m (down 7.6% from 2Q 2023).
• Net income: US$14.2m (down 30% from 2Q 2023).
• Profit margin: 4.4% (down from 5.8% in 2Q 2023).
• EPS: US$0.59 (down from US$0.85 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Madison Square Garden Sports EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 3.8% 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 up 5.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Madison Square Garden Sports (1 is potentially serious!) that we have uncovered.

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