CORRECTION: Thursday, Madison Square Garden Reported Q3 GAAP EPS $0.06 Missed $0.11 Estimate, Sales $228.313M Beat $227.6M Estimate

5/10/24 10:36:41 AM ET

Services-Misc. Amusement & Recreation

Consumer Discretionary

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Madison Square Garden (NYSE:MSGE) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $11. This is a 85.71 percent decrease over earnings of $0.42 per share from the same period last year. The company reported $228.313 million in sales this quarter. This is a 13.46 percent increase over sales of $201.229 million the same period last year.

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Recent Analyst Ratings for
$MSGE

Date	Price Target	Rating	Analyst
7/24/2024	$41.00 → $45.00	Neutral → Buy	Goldman
8/22/2023	$41.00	Buy	BofA Securities
8/11/2023	$38.00	Neutral	JP Morgan
6/1/2023	$43.00	Outperform	Macquarie
5/26/2023	$40.00	Equal-Weight	Morgan Stanley
5/26/2023	$40.00	Neutral	Goldman
5/17/2023	$37.00	Buy	Guggenheim
4/24/2023	$36.00	Buy	Seaport Research Partners

More analyst ratings

$MSGE
Financials

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MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS
Fiscal 2024 Revenues of $959.3 Million, up 13% Versus Prior Year and Above High-End of Guidance Range(1) Fiscal 2024 Operating Income of $111.9 Million and AOI of $211.5 Million, Both Above High-End of Guidance Range(1)(2) NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. Fiscal 2024 marked the first full year of operations for MSG Entertainment as a standalone public company. During the year, the C
8/16/24 7:00:00 AM ET
$MSGE
Services-Misc. Amusement & Recreation
Consumer Discretionary
Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Fourth Quarter and Year-End Conference Call
NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2024 on Friday, August 16, 2024 at 8:30 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 8020251 approximately 10 minutes prior to the call. The call will also be available via webcast at investor.msgentertainment.com under the heading "E
8/13/24 9:00:00 AM ET
$MSGE
Services-Misc. Amusement & Recreation
Consumer Discretionary
MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 THIRD QUARTER RESULTS
FY24 Revenue Range Narrowed to $940-950 Million, as Compared to Prior Range of $930-950 Million FY24 Operating Income Range Increased to $100-110 Million, Versus Prior $95-105 Million FY24 AOI Range Increased to $200-210 Million, as Compared to $195-205 Million Previously (1) NEW YORK, May 9, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2024. The fiscal 2024 third quarter was highlighted by the continued strength of the Company's
5/9/24 7:30:00 AM ET
$MSGE
Services-Misc. Amusement & Recreation
Consumer Discretionary

'EXPERIENCE ABU DHABI' NAMED OFFICIAL NEW YORK KNICKS PATCH PARTNER
MSG Family Of Companies And DCT Abu Dhabi Announce Multi-Year Marketing Partnerships Across Marquee Assets In New York And Las Vegas NEW YORK and ABU DHABI, United Arab Emirates, Oct. 17, 2024 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") today announced a new marketing partnership naming 'Experience Abu Dhabi' as the Official Patch Partner of the New York Knicks, forging a significant integration between DCT Abu Dhabi and one of the most storied franchises in professional sports. Furthermore, Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment") and Sphere Entertai
10/17/24 6:00:00 AM ET
$MSGE
$MSGS
$SPHR
Services-Misc. Amusement & Recreation
Consumer Discretionary
THE MSG FAMILY OF COMPANIES AND VERIZON EXPAND PARTNERSHIP, NAMING VERIZON THE OFFICIAL MOBILE WIRELESS PARTNER ACROSS THE COMPANIES' PORTFOLIO
New Verizon Access Platform Offers Customers Exclusive Access to Live Events at Madison Square Garden, Radio City Music Hall, Beacon Theatre, The Theater at MSG, The Chicago Theatre and Sphere Partnership Includes Creation of Two Verizon-Branded Hospitality Spaces at Madison Square Garden NEW YORK, Oct. 4, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment"), Madison Square Garden Sports Corp. (NYSE:MSGS) ("MSG Sports") and Sphere Entertainment Co. (NYSE:SPHR) (together, the "MSG Family of Companies") announced today an expanded partnership with Verizon (NYSE:VZ), naming America's leading telecommunications company the Official Mobile Wireless Par
10/4/24 9:00:00 AM ET
$MSGE
$MSGS
$SPHR
$VZ
Services-Misc. Amusement & Recreation
Consumer Discretionary
Telecommunications Equipment
Public Utilities
MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS
Fiscal 2024 Revenues of $959.3 Million, up 13% Versus Prior Year and Above High-End of Guidance Range(1) Fiscal 2024 Operating Income of $111.9 Million and AOI of $211.5 Million, Both Above High-End of Guidance Range(1)(2) NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2024. Fiscal 2024 marked the first full year of operations for MSG Entertainment as a standalone public company. During the year, the C
8/16/24 7:00:00 AM ET
$MSGE
Services-Misc. Amusement & Recreation
Consumer Discretionary

CORRECTION: Thursday, Madison Square Garden Reported Q3 GAAP EPS $0.06 Missed $0.11 Estimate, Sales $228.313M Beat $227.6M Estimate

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$MSGE Large Ownership Changes

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SEC Form SC 13D/A filed by Madison Square Garden Entertainment Corp. (Amendment)

SEC Form SC 13D/A filed by Madison Square Garden Entertainment Corp. (Amendment)

SEC Form SC 13D/A filed by Madison Square Garden Entertainment Corp. (Amendment)

$MSGE Financials

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MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS

Madison Square Garden Entertainment Corp. to Host Fiscal 2024 Fourth Quarter and Year-End Conference Call

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 THIRD QUARTER RESULTS

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$MSGE SEC Filings

'EXPERIENCE ABU DHABI' NAMED OFFICIAL NEW YORK KNICKS PATCH PARTNER

THE MSG FAMILY OF COMPANIES AND VERIZON EXPAND PARTNERSHIP, NAMING VERIZON THE OFFICIAL MOBILE WIRELESS PARTNER ACROSS THE COMPANIES' PORTFOLIO

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS

Director Salerno Frederic V bought $206,250 worth of shares (5,000 units at $41.25), increasing direct ownership by 40% to 17,348 units (SEC Form 4)

EVP and Treasurer D'Ambrosio Philip Gerard sold $254,580 worth of shares (6,000 units at $42.43), decreasing direct ownership by 33% to 12,192 units (SEC Form 4)

Executive Chairman & CEO Dolan James Lawrence converted options into 179,490 shares and covered exercise/tax liability with 91,627 shares, increasing direct ownership by 57% to 243,006 units (SEC Form 4)

EVP and Treasurer D'Ambrosio Philip Gerard covered exercise/tax liability with 9,267 shares and converted options into 19,174 shares, increasing direct ownership by 120% to 18,192 units (SEC Form 4)

Graphite One Welcomes Scott Packman to its Board of Directors

Madison Square Garden Entertainment upgraded by Goldman with a new price target

BofA Securities initiated coverage on Madison Square Garden Entertainment with a new price target

JP Morgan initiated coverage on Madison Square Garden Entertainment with a new price target

SEC Form DEFA14A filed by Madison Square Garden Entertainment Corp.

SEC Form DEF 14A filed by Madison Square Garden Entertainment Corp.

SEC Form 144 filed by Madison Square Garden Entertainment Corp.

$MSGE Market Insights

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Madison Square Garden Has Room For 'Robust Growth' Thanks To Concert Lineup, Christmas Spectacular: Analyst

Madison Square Garden shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $41 to $45.

Goldman Sachs Upgrades Madison Square Garden to Buy, Raises Price Target to $45

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