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Madisonsquaregardenentertainment

Madison Square Garden Entertainment | MSGE | Long at $36.00Madison Square Garden Entertainment NYSE:MSGE appears to be forming a slow, but steady, upward channel. With a 9.7 P/E, 40M float, low debt, and high institutional ownership, it's an interesting value play. From a technical analysis standpoint, the large looming gaps above the current price area screaming to be closed. There is one lower price gap between $29.05 and $29.06 ($0.01) that may get closed before a stronger move up - something to keep an eye on if the price drops below $35 in the near-term. NYSE:MSGE is a strong name that I think will eventually follow the path of NYSE:MSGS from a price perspective. However, headwinds such as the potential for a slowing economy, rising ticket prices, etc are something to consider. At $36.00, NYSE:MSGE is in a personal buy zone. Target #1 = $42.00 Target #2 = $50.00 Target #3 = $60.00 Target #4 = $68.00
NYSE:MSGELong
by WorthlessViews
$MSGE earnings before the bellThe last two earnings reports were disappointments on earnings but surprises on revenue. On earnings from when they report before the bell, the stock usually moves +/-14.5% from the opening bell to the next day based on the most recent earnings reports which I think are the most relevant. Live concerts and events are back. People are eager to spend so merchandise and food and beverage revenue should be a surprise on the upside. Anecdotally, I have heard that live shows are selling out almost immediately and that most performers are back on the road; signifying the overall entertainment industry is coming back. I think they will surprise on revenue and earnings. I realize Omicron slowed the global economy down, but MSGE mainly operates in the US which was not as deeply affected by Omicron in comparison to some of the places with zero-tolerance or stricter rules. People were still going out. Sporting events and concerts were packed. Earnings Estimate: $1.18 EPS Revenue Estimate: $538.975 million MSGE/PEJ (a proxy for the entertainment industry) shows that weekly the underperformance seems to be reversing trend and MSGE is beginning to outperform Rounding bottom in MSGE/PEJ MACD cross/curl
NYSE:MSGELong
by EBITDAtiger