Madison Square Garden Second Quarter Earnings Sneak Peek

Madison Square Garden (NASDAQ:MSG) will unveil its latest earnings on Monday, August 8, 2011. Madison Square Garden, Inc is a fully-integrated sports, entertainment and media business comprised of dynamic and powerful brands.

Madison Square Garden Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 12 cents per share, a decline of 33.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 12 cents during the last month. For the year, analysts are projecting profit of $1.03 per share, a decline of 5.5% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of 25 cents per share against a mean estimate of profit of 24 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $214.3 million in revenue this quarter, a decline of 5.6% from the year ago quarter. Analysts are forecasting total revenue of $1.16 billion for the year, no change from last year’s revenue of $1.16 billion.

Analyst Ratings: Analysts are bullish on Madison Square Garden as two analysts rate it as a buy, one rates it as a sell and three rate it as a hold.

Key Stats:

The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 7.8% to $330.4 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 5%.

Competitors to Watch: Rentrak Corporation (NASDAQ:RENT), Image Entertainment, Inc. (DISK), Discovery Communications Inc. (NASDAQ:DISCA), Odyssey Pictures Corp. (OPIX), Bona Film Group Ltd (NASDAQ:BONA), CBS Corporation (NYSE:CBS), Liberty Media Corp (NASDAQ:LINTA), The Walt Disney Company (NYSE:DIS), and Scorpio East Holdings Ltd. (SEHL).

Stock Price Performance: During July 5, 2011 to August 2, 2011, the stock price had dropped $1.60 (-5.7%) from $27.86 to $26.26. The stock price saw one of its best stretches over the last year between December 22, 2010 and December 31, 2010 when shares rose for seven-straight days, rising 6% (+$1.45) over that span. It saw one of its worst periods between November 10, 2010 and November 17, 2010 when shares fell for six-straight days, falling 3.7% (-83 cents) over that span. Shares are up 48 cents (+1.9%) year to date.

(Source: Xignite Financials)

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