Why Is Madison Square Garden Stock Down Today?
Why Is Madison Square Garden Stock Down Today?
Madison Square Garden Entertainment Corp. (NYSE:MSGE) shares are trading lower after it reported third-quarter FY24 results.
麦迪逊广场花园娱乐公司(纽约证券交易所代码:MSGE)公布24财年第三季度业绩后,股价走低。
Revenue rose 13% Y/Y to $228.3 million, missing the analyst consensus of $324.6 million.
收入同比增长13%,至2.283亿美元,未达到分析师共识的3.246亿美元。
Revenues from entertainment offerings rose 13% Y/Y to $146.2 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports pursuant to the Arena License Agreements.
娱乐产品的收入同比增长13%,达到1.462亿美元,这要归因于赛事相关收入和收入的增加,前提是根据竞技场许可协议与MSG Sports共享经济利益。
Food, beverage, and merchandise revenues increased 14% Y/Y to $45.4 million, aided by a higher number of concerts held at the venues and the impact of five more Knicks home games.
食品、饮料和商品收入同比增长14%,达到4540万美元,这得益于在场馆举行的音乐会数量的增加以及尼克斯队另外五场主场比赛的影响。
Event-related revenues increased $10.7 million compared to the prior year, aided by an increase in the number of concerts at the venues.
与上年相比,与活动相关的收入增加了1,070万美元,这得益于场馆音乐会数量的增加。
In addition, the company reported an adjusted operating income of $38.5 million, down 23% Y/Y, in the quarter, due to higher selling, general and administrative expenses.
此外,该公司报告称,由于销售、一般和管理费用增加,本季度调整后的营业收入为3,850万美元,同比下降23%。
EPS $0.06 beat the consensus of $(0.12).
每股收益0.06美元超过市场普遍预期的0.12美元。
As of March-end, cash and equivalents stood at $28.3 million.
截至3月底,现金及等价物为2830万美元。
Outlook: Madison Square Garden raised the lower end of FY24 sales guidance, revising the range to $940 million-$950 million (from $930 million-$950 million) vs. $1.05 billion estimate.
展望:麦迪逊广场花园上调了24财年销售预期的下限,将区间从预期的10.5亿美元上调至9.4亿美元至9.5亿美元(从9.3亿美元至9.5亿美元)。
Also, the company increased adjusted operating income outlook to $200 million-$210 million from $195 million-$205 million in FY24.
此外,该公司将调整后的营业收入前景从24财年的1.95亿美元至2.05亿美元上调至2亿美元至2.1亿美元。
The company remains on track to achieve a low double-digit percentage increase in the number of bookings events in FY24.
该公司仍有望在24财年实现预订活动数量的低两位数百分比增长。
Investors can gain exposure to the stock via Zacks Trust Zacks Small/Mid Cap ETF (NYSE:SMIZ).
投资者可以通过Zacks Trust Zacks小型/中型股ETF(纽约证券交易所代码:SMIZ)获得股票敞口。
Price Action: MSGE shares are down 5.44% to $37.71 at the last check Thursday.
价格走势:在周四的最后一次检查中,MSGE股价下跌5.44%,至37.71美元。
Photo via Wikimedia Commons
照片来自维基共享资源