Madison Square Garden Earnings Preview: Can This Streak Continue?

Madison Square Garden (NASDAQ:MSG) will report earnings before markets open on Friday, May 3rd. Madison Square Garden, Inc. (NASDAQ:MSG) operates in the sports, entertainment, and media industries. The Company owns and operates sports franchises and hosts various venues including concerts, sporting events, and theatrical productions. MSG also owns networks including MSG Network and Fuse Network.

Here is your Cheat Sheet to Madison Square Garden Earnings:

Earnings Expectations: Analysts expect earnings of $0.33 per share on revenues of $405.11 million. Currently, the company’s P/E ratio stands at 35.35.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.24 to a profit $0.23. For the current year, the average estimate is a profit of $1.43, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Madison Square Garden has been performing on an annual basis:

Fiscal Year 2007 2008 2009 2010 2012
Revenue ($) in millions 1,002 1,043 1,062 1,157 1,284
Diluted EPS ($) 0.38 1.09 1.38

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 373.01 400.45 332.92 204.17 387.89
Diluted EPS ($) 0.33 0.40 0.3678 0.26 0.60

Past Performance:
Madison Square Garden has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)