Latest news with #MadisonSquareGardenEntertainment
Yahoo
14-05-2025
- Business
- Yahoo
Are Consumer Discretionary Stocks Lagging Dunelm Group (DNLMY) This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Dunelm Group (DNLMY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Dunelm Group is a member of the Consumer Discretionary sector. This group includes 255 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Dunelm Group is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for DNLMY's full-year earnings has moved 1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, DNLMY has moved about 18.6% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 2.8% on a year-to-date basis. This shows that Dunelm Group is outperforming its peers so far this year. Madison Square Garden Entertainment (MSGE) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 5.1%. In Madison Square Garden Entertainment's case, the consensus EPS estimate for the current year increased 9.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Dunelm Group belongs to the Textile - Home Furnishing industry, a group that includes 3 individual companies and currently sits at #2 in the Zacks Industry Rank. This group has lost an average of 8.7% so far this year, so DNLMY is performing better in this area. On the other hand, Madison Square Garden Entertainment belongs to the Media Conglomerates industry. This 14-stock industry is currently ranked #75. The industry has moved +1.8% year to date. Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Dunelm Group and Madison Square Garden Entertainment as they could maintain their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dunelm Group (DNLMY) : Free Stock Analysis Report Madison Square Garden Entertainment Corp. (MSGE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Washington Post
01-04-2025
- Entertainment
- Washington Post
Radio City Music Hall banned him. A T-shirt and AI might be to blame.
Frank Miller Jr. was strolling through security at New York's Radio City Music Hall last week when a security guard suddenly halted his line and pointed at him. 'I thought we were about to get some special sort of upgrade,' Miller said. Security guards pulled Miller out of line and led him to another part of the venue. There, he said, his excitement turned to confusion when they handed him a piece of paper titled 'TRESPASS NOTICE.' Miller, who was there with his parents to watch English singer Cleo Sol perform, didn't understand. The letter said he was banned from every venue Madison Square Garden Entertainment owns. Then, he said a security guard told him his trespassing was related to a 2021 incident. That year, one of Miller's friends went viral after claiming security ejected him from Madison Square Garden for wearing a shirt Miller designed that said 'BAN DOLAN' — an objection to James Dolan, New York Knicks owner and Madison Square Garden Entertainment chief executive. Miller said he suspected that Madison Square Garden Entertainment linked him to that event and added social media photos of him to its facial recognition technology, which has a history of spotting people the company doesn't want in its venues. 'I found it a little comical that, you know, this shirt that I designed many, many years ago was so irritating, then or now, that I was added to a ban,' Miller, 44, told The Washington Post. Madison Square Garden Entertainment has been mired in controversy since it began using facial recognition technology in recent years at its venues: Madison Square Garden, the Theater at Madison Square Garden, Beacon Theatre, Radio City Music Hall, Chicago Theatre and the Sphere in Las Vegas. Attorneys who work for firms that have sued Dolan and his company have been turned away, including a New Jersey attorney in 2022 who had planned to see a Rockettes show with her daughter's Girl Scouts troop at Radio City Music Hall. Madison Square Garden Entertainment identified lawyers via photos on their firms' websites, using an algorithm that pored over images and suggested matches with guests at their venues, according to the New York Times. 'It's social media scraping combined with the power of facial recognition [artificial intelligence] that together allow companies to essentially create dossiers on the public using our own bodies as tracking devices,' said Albert Fox Cahn, executive director of the Surveillance Technology Oversight Project, a security and privacy advocacy group. New York City law allows companies to use biometric technology as long as they notify customers, but Madison Square Garden Entertainment has still faced lawsuits that allege its bans are illegal. Mikyl Cordova, spokeswoman for Madison Square Garden Entertainment, said in a statement that Miller 'made threats against an MSG executive on social media and produced and sold merchandise that was offensive.' 'His behavior was disrespectful and disruptive and in violation of our code of conduct,' Cordova said. She didn't respond to a question asking if facial recognition technology identified Miller, a Knicks fan who was born in Brooklyn. Miller, who has lived in Seattle since 2014, said he had not been to a Madison Square Garden venue since he watched the Knicks beat the Boston Celtics in October 2006 with a colleague. Miller was upset when former Knicks forward Charles Oakley was arrested at a home game in February 2017 after reportedly engaging in a verbal altercation with Dolan. Miller, a graphic designer, created a T-shirt that said 'BAN DOLAN' above an orange basketball that he sold online. He's hardly the only person who has criticized Dolan in the past decade. Security escorted fans who chanted 'sell the team' out of Madison Square Garden at a Knicks game in March 2020. Miller's shirt reached a national audience in March 2021, when his friend said he was ejected from a Knicks game for wearing it. The incident sparked a discussion between Stephen A. Smith and Max Kellerman on ESPN's 'First Take.' The same day his friend was kicked out, Miller shared a photo of his shirt on Instagram. 'I made this because you gotta have an ego made of peanut brittle to toss the gawd Charles Oakley out the Garden,' Miller wrote, 'and the biggest accomplishment you've ever had is failing up into being a billionaire after rehab because your daddy founded the company. Scrub.' Dolan went to alcohol and drug rehabilitation in 1993 in Center City, Minnesota, and was chief executive of Cablevision, a TV company his father, Charles, founded, before it was sold in the mid-2010s. Miller denied threatening Dolan. In December, Miller began planning a March trip to New York City to celebrate his parents' 47th wedding anniversary. He said he spent about $1,300 on tickets to Cleo Sol's concert for him, his parents and a friend. On March 24 — the third day of the trip — the group ate dinner at Pastis before taking an Uber to Radio City Music Hall's entrance on 50th Street. Miller wore an orange rugby shirt — 'the only shirt I have with a collar,' he said — camouflage cargo pants, red and blue Air Jordan sneakers and a gray hat that featured his clothing line's logo: FWMJ! Miller and his parents took photos, scanned their tickets, moved to the far-left security line to enter the lobby and passed a sign that said the venue uses facial recognition technology. Before Miller stepped through the metal detector, he said, a security guard rushed over and stopped the line. Miller turned to his parents, Frank and Arlene, and recalled saying: 'Oh well, we definitely got in the slow security line this time.' Then the security guard pointed at him, Miller said, and about a half-dozen guards escorted him out of line to a different entrance. Arlene cried, Miller said, unsure what was going on. A few minutes later, a security guard handed Miller the trespassing warning, which said the ban was 'a consequence of your misconduct.' 'You are not to enter or remain in any of the MSG Venues at any time in the future,' the paper said. 'Should you attempt entry at any of the MSG Venues … Security and Law Enforcement will be contacted to secure your removal, and you will be subject to all penalties that are legally available.' A security guard told him his ban was related to a 2021 incident at Madison Square Garden — without giving specifics, Miller said, and he led Miller out of the building. Miller walked a few blocks to the restaurant Le Rock and drank martinis. His friend helped Miller's parents settle into their seats at the concert before joining him. Miller scanned his email to see if Madison Square Garden Entertainment had warned him about the ban, he said, but all he found were promotional emails for the concert. Miller said he didn't want his experience to ruin the trip, so the next day, he and his parents visited Hudson Yards to climb the Vessel and attended a taping for 'The Tonight Show Starring Jimmy Fallon.' He had borrowed three tickets from a friend for him and his parents to watch the Knicks play the Dallas Mavericks at Madison Square Garden that night. A family friend used Miller's ticket while Miller ate dinner alone at Din Tai Fung. They flew home Wednesday night. Miller doesn't plan to appeal his ban; he said if he wants to see the Knicks in person, he'll watch them play the Brooklyn Nets at Barclays Center — or hope an NBA expansion team will come to Seattle. While sharing news of his ban on Instagram on Thursday, Miller posted images of his 'BAN DOLAN' merchandise, which includes T-shirts, sweatshirts, hats and even baby one-pieces. 'Here's your chance to get the shirt that started it all,' he wrote. He said about 20 items have sold in the past few days, compensating him for the concert ticket he never used.
Yahoo
09-02-2025
- Business
- Yahoo
Madison Square Garden Entertainment Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, Madison Square Garden Entertainment Corp. (NYSE:MSGE) recently reported its quarterly numbers. Statutory earnings per share fell badly short of expectations, coming in at US$1.56, some 31% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at US$407m. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Madison Square Garden Entertainment after the latest results. View our latest analysis for Madison Square Garden Entertainment Taking into account the latest results, Madison Square Garden Entertainment's eight analysts currently expect revenues in 2025 to be US$955.1m, approximately in line with the last 12 months. Statutory earnings per share are expected to plunge 60% to US$1.06 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$960.6m and earnings per share (EPS) of US$1.92 in 2025. So there's definitely been a decline in sentiment after the latest results, noting the pretty serious reduction to new EPS forecasts. The consensus price target held steady at US$45.29, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Madison Square Garden Entertainment at US$48.00 per share, while the most bearish prices it at US$41.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Madison Square Garden Entertainment's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 1.1% annualised decline to the end of 2025. That is a notable change from historical growth of 25% over the last three years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 9.4% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Madison Square Garden Entertainment is expected to lag the wider industry. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Madison Square Garden Entertainment going out to 2027, and you can see them free on our platform here.. Before you take the next step you should know about the 2 warning signs for Madison Square Garden Entertainment that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
