Alert: New Earnings Report (5/2/24)-Madison Square Garden Sports Cor (NYSE: MSGS).

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Madison Square Garden Sports Cor (NYSE: MSGS) has reported E.P.S. of $1.58 for its third fiscal quarter (ending March 31) versus $2.19 for the same period a year ago — a decline of -28%. For the latest four quarters through March 31, E.P.S. were $1.00 compared to $3.40 a year ago — a decline of -71%.

Recent Price Action

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Madison Square Garden Sports Cor (NYSE: MSGS) stock closed at $183.31 on 5/2/24 after a modest decline of -1.3%. Moreover, this decline was accompanied by unusually high trading volume at 175% of normal. The stock has performed in line with the market over the last nine months and has declined -1.5% 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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