Manchester United (MANU) Reports Q3 Loss, Misses Revenue Estimates

Financial Performance - Manchester United reported a quarterly loss of $0.04 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.33, and an improvement from a loss of $0.31 per share a year ago, resulting in an earnings surprise of 87.88% [1] - The company posted revenues of $202.17 million for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.15%, but showing an increase from year-ago revenues of $173.36 million [2] - Over the last four quarters, Manchester United has surpassed consensus EPS estimates four times, but has only topped consensus revenue estimates once [2] Stock Performance and Outlook - Manchester United shares have declined approximately 20.4% since the beginning of the year, contrasting with the S&P 500's gain of 1% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is -$0.25 on revenues of $210.02 million, and for the current fiscal year, it is -$0.74 on revenues of $842.59 million [7] Industry Context - The Leisure and Recreation Services industry, to which Manchester United belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]