Manchester United (MANU) Reports Break-Even Earnings for Q1

Core Viewpoint - Manchester United reported break-even quarterly earnings per share, surprising analysts who expected a loss of $0.29, marking a significant improvement from a loss of $0.07 per share a year ago [1][2] Financial Performance - The company posted revenues of $186.09 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.32%, and down from $198.91 million year-over-year [2] - Over the last four quarters, Manchester United has surpassed consensus EPS estimates three times [2] Stock Performance - Manchester United shares have declined approximately 15.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $280.36 million, while for the current fiscal year, the estimate is -$0.74 on revenues of $868.89 million [7] - The outlook for the Leisure and Recreation Services industry, where Manchester United operates, is currently in the top 8% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]