Madison Square Garden Entertainment (MSGE) Misses Q2 Earnings Estimates

Core Insights - Madison Square Garden Entertainment (MSGE) reported quarterly earnings of $1.56 per share, missing the Zacks Consensus Estimate of$ 2.16 per share, and down from $2.59 per share a year ago, representing an earnings surprise of -27.78% [1] - The company posted revenues of$ 407.42 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.62% and showing a slight increase from $402.67 million year-over-year [2] - The stock has added about 0.8% since the beginning of the year, underperforming the S&P 500's gain of 3.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.16 on revenues of $230.37 million, and for the current fiscal year, it is$ 1.58 on revenues of $958.87 million [7] - The estimate revisions trend for MSG Entertainment is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Media Conglomerates industry, to which MSGE belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Endeavor Group (EDR), is expected to report quarterly earnings of$ 0.36 per share, reflecting a year-over-year change of +125%, with revenues anticipated to be $1.5 billion, down 5% from the previous year [9][10]