The Madison Square Garden Company Earnings: Investors CHEER These Numbers

The Madison Square Garden Company (NASDAQ:MSG) reported net income above Wall Street’s expectations for the fourth quarter. Madison Square Garden is a fully-integrated sports, entertainment, and media business.

Investing Insights: Will New Apple Products Continue to PUMP UP Shares?

The Madison Square Garden Company Earnings Cheat Sheet

Results: Net income for The Madison Square Garden Company rose to $28.6 million (37 cents per share) vs. $21.3 million (28 cents per share) in the same quarter a year earlier. This marks a rise of 34.3% from the year-earlier quarter.

Revenue: Rose 42.3% to $332.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Madison Square Garden Company beat the mean analyst estimate of 16 cents per share. It fell short of the average revenue estimate of $358 million.

Quoting Management: President and CEO Hank Ratner said: “Our Company had an impressive year as the ongoing strength of our fully integrated media, entertainment and sports business drove record AOCF for fiscal 2012. The second phase of the Arena Transformation is progressing well and we look forward to the debut of the transformed upper bowl this fall. Looking ahead, we remain confident that the breadth and strength of our assets and brands position us well for long-term growth and value creation for our shareholders.”

Key Stats:

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 21 cents in the third quarter, by 6 cents in the second quarter, and by 20 cents in the fourth quarter of the last fiscal year.

Looking Forward: The average estimate for the first quarter of the next fiscal year remains unchanged at 27 cents a share. At 99 cents per share, the average estimate for the fiscal year has risen from 88 cents sixty days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Should These Companies Pay MORE Taxes?

Another Major Investor DUMPS Facebook

Are These 3 Social Media Stocks FINALLY Capitulating?

More from The Cheat Sheet