Madison Square Garden (Nasdaq: MSG ) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Madison Square Garden missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins grew across the board.
Madison Square Garden logged revenue of $387.9 million. The seven analysts polled by S&P Capital IQ wanted to see sales of $416.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.60. The eight earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. GAAP EPS of $0.60 for Q2 were 82% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 100.0%, 6,030 basis points better than the prior-year quarter. Operating margin was 20.9%, 720 basis points better than the prior-year quarter. Net margin was 12.1%, 520 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $406.8 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $1.32 billion. The average EPS estimate is $1.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 99 members out of 109 rating the stock outperform, and 10 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Madison Square Garden a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Madison Square Garden is outperform, with an average price target of $46.38.
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