Madison Square Garden Entertainment Corp. MSGE is expected to release its fourth quarter results on Friday, August 16, before the market opens.

Analysts expect the New York-based company to report a quarterly loss of 52 cents per share, compared with a loss of 47 cents per share a year earlier. Madison Square Garden Entertainment is expected to report quarterly revenue of $169.61 million, compared with $147.94 million a year earlier, according to data from Benzinga Pro.

On May 10, Madison Square Garden Entertainment announced that third-quarter revenue increased 13% year-over-year to $228.3 million, beating analysts’ forecast of $227.6 million.

Madison Square Garden Entertainment shares rose 2.4% to close at $38.66 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables.

Let’s take a look at how Benzinga’s most accurate analysts have rated the company over the last period.

• JP Morgan analyst David Karnovsky maintained a neutral rating and lowered the price target from $38 to $36 on November 8, 2023. This analyst’s hit rate is 66%.
• Morgan Stanley analyst Benjamin Swinburne maintained his equal weight rating and lowered the price target from $40 to $36 as of September 1, 2023. This analyst’s hit rate is 76%.
• Guggenheim analyst Curry Baker maintained a buy rating and raised the price target from $41 to $43 on August 23, 2023. This analyst’s hit rate is 60%.
• B of A Securities analyst Peter Henderson initiated coverage on the stock with a Buy rating and a $41 price target on August 22, 2023. This analyst has an accuracy rate of 65%.

Are you considering buying MSGE shares? This is what the analysts think:

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