Alert: New Earnings Report (8/13/24)-Madison Square Garden Sports Cor (NYSE: MSGS).

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Madison Square Garden Sports Cor (NYSE: MSGS) has reported earnings for its fourth fiscal quarter (ending June 30) of $1.06 versus a loss $-0.39 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.45 versus $1.90 for the same period a year ago.

Recent Price Action

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Madison Square Garden Sports Cor (NYSE: MSGS) stock closed at $194.77 on 8/13/24 after a slight decline of -0.5%. Moreover, exceptionally high trading volume at 377% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 4.0% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, MSGS is expected to be a major Value Eraser.

Madison Square Garden Sports Cor is currently unrated.

Rating Review

The stock is currently unrated.

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