We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 22.2%.
The Trend in Estimate Revision
The Zacks Consensus Estimate for the second-quarter fiscal 2024 bottom line is pegged at a loss per share of 18 cents. This suggests a 157.1% year-over-year decline from the reported loss of 7 cents per share.
The consensus mark for total revenues is pegged at $245.1 million, suggesting a 24.7% increase from the year-ago quarter’s value of $196.5 million.
Factors at Play
The top-line performance of Manchester United in the second quarter of fiscal 2024 is expected to have increased year over year on the back of solid contributions from its Commercial, Broadcasting and Matchday line of businesses. The uptrend is most likely to have been due to the company’s partnership extension with Adidas until the end of the 2034/35 season, men’s team participation in the UEFA Champions League, increased income from the Premier League and solid Megastore performance.
Although soft contributions from Sponsorship are a concern, the above-mentioned tailwinds are most likely to have more than offset this headwind in the to-be-reported quarter.
Meanwhile, the company’s bottom line is likely to have been notably affected in the to-be-reported quarter due to increased operating expenses and costs. The uptick in costs and expenses is likely to have been caused by increased employee benefits, commercial costs and matchday costs.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Manchester United this time around. The company does not have the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to increase the odds of an earnings beat.
Earnings ESP: Manchester United has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: MANU currently carries a Zacks Rank of 3.
NFLX has a trailing four-quarter earnings surprise of 5.4%, on average. The stock has gained 39.6% in the past six months. The Zacks Consensus Estimate for NFLX’s 2024 sales and earnings per share (EPS) indicates growth of 14.5% and 41.6%, respectively, from the year-ago levels.
Ralph Lauren Corporation (RL - Free Report) sports a Zacks Rank of 1. RL has a trailing four-quarter earnings surprise of 18.7%, on average. The stock has gained 49.8% in the past six months.
The Zacks Consensus Estimate for RL’s fiscal 2025 sales and EPS implies an improvement of 4.2% and 9.5%, respectively, from the year-ago levels.
Adtalem Global Education Inc. (ATGE - Free Report) presently sports a Zacks Rank of 1. ATGE has a trailing four-quarter earnings surprise of 16.9%, on average. The stock has increased 14.3% in the past six months.
The Zacks Consensus Estimate for ATGE’s fiscal 2024 sales and EPS suggests growth of 6.4% and 10.2%, respectively, from the year-ago levels.
Image: Bigstock
Here's What to Expect From Manchester United (MANU) Q2 Earnings
Manchester United plc (MANU - Free Report) is slated to report its second-quarter fiscal 2024 results on Mar 12, before market open.
In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 22.2%.
The Trend in Estimate Revision
The Zacks Consensus Estimate for the second-quarter fiscal 2024 bottom line is pegged at a loss per share of 18 cents. This suggests a 157.1% year-over-year decline from the reported loss of 7 cents per share.
The consensus mark for total revenues is pegged at $245.1 million, suggesting a 24.7% increase from the year-ago quarter’s value of $196.5 million.
Factors at Play
The top-line performance of Manchester United in the second quarter of fiscal 2024 is expected to have increased year over year on the back of solid contributions from its Commercial, Broadcasting and Matchday line of businesses. The uptrend is most likely to have been due to the company’s partnership extension with Adidas until the end of the 2034/35 season, men’s team participation in the UEFA Champions League, increased income from the Premier League and solid Megastore performance.
Although soft contributions from Sponsorship are a concern, the above-mentioned tailwinds are most likely to have more than offset this headwind in the to-be-reported quarter.
Manchester United Ltd. Price and EPS Surprise
Manchester United Ltd. price-eps-surprise | Manchester United Ltd. Quote
Meanwhile, the company’s bottom line is likely to have been notably affected in the to-be-reported quarter due to increased operating expenses and costs. The uptick in costs and expenses is likely to have been caused by increased employee benefits, commercial costs and matchday costs.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Manchester United this time around. The company does not have the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to increase the odds of an earnings beat.
Earnings ESP: Manchester United has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: MANU currently carries a Zacks Rank of 3.
Key Picks
Here are some better-ranked stocks from the Zacks Consumer Discretionary sector.
Netflix, Inc. (NFLX - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
NFLX has a trailing four-quarter earnings surprise of 5.4%, on average. The stock has gained 39.6% in the past six months. The Zacks Consensus Estimate for NFLX’s 2024 sales and earnings per share (EPS) indicates growth of 14.5% and 41.6%, respectively, from the year-ago levels.
Ralph Lauren Corporation (RL - Free Report) sports a Zacks Rank of 1. RL has a trailing four-quarter earnings surprise of 18.7%, on average. The stock has gained 49.8% in the past six months.
The Zacks Consensus Estimate for RL’s fiscal 2025 sales and EPS implies an improvement of 4.2% and 9.5%, respectively, from the year-ago levels.
Adtalem Global Education Inc. (ATGE - Free Report) presently sports a Zacks Rank of 1. ATGE has a trailing four-quarter earnings surprise of 16.9%, on average. The stock has increased 14.3% in the past six months.
The Zacks Consensus Estimate for ATGE’s fiscal 2024 sales and EPS suggests growth of 6.4% and 10.2%, respectively, from the year-ago levels.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.