Madison Square Garden Entertainment Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

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Madison Square Garden Entertainment (NYSE:MSGE) Full Year 2023 Results

Key Financial Results

  • Revenue: US$851.5m (up 30% from FY 2022).
  • Net income: US$76.6m (up from US$133.3m loss in FY 2022).
  • Profit margin: 9.0% (up from net loss in FY 2022).
  • EPS: US$1.48 (up from US$2.58 loss in FY 2022).
NYSE:MSGE Earnings and Revenue Growth August 21st 2023

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

Madison Square Garden Entertainment EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company’s shares are up 2.0% from a week ago.

Valuation

Following the latest earnings results, Madison Square Garden Entertainment may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

What are the risks and opportunities for Madison Square Garden Entertainment?

Madison Square Garden Entertainment Corp.

View Full Analysis

Rewards

  • Trading at 39.9% below our estimate of its fair value

  • Earnings are forecast to grow 12.82% per year

  • Became profitable this year

Risks

  • Interest payments are not well covered by earnings

  • Negative shareholders equity

  • Large one-off items impacting financial results

View all Risks and Rewards

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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