Manchester United to Release Earnings Ahead of Market Opening on Tuesday, June 27th: Zacks Reports

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Manchester United ($NYSE:MANU), one of the most iconic and widely-followed football teams in the world, are set to announce their earnings prior to the opening of the market on Tuesday, June 27. The news was reported by Zacks, a leading investment research firm. Manchester United, a publicly traded company on the London Stock Exchange, is one of the most valuable and widely followed sports franchises in the world. The club is valued at over $3 billion and has hundreds of millions of fans globally.

As a result of this strong performance, Manchester United’s stock has been steadily increasing in value in recent years, with its market capitalization reaching over $3 billion. With the release of their earnings prior to the market opening on Tuesday, investors are likely to be eager to see how the club has performed and what its results reveal about its future prospects.

Earnings

According to the latest earnings report of their fiscal year 2023 Q2 as of December 31, 2020, Manchester United earned 172.85M GBP in total revenue and 63.83M GBP in net income. This marks a 6.8% decrease in total revenue from their previous year. Over the last three years, Manchester United’s total revenue has dropped from 172.85M GBP to 167.37M GBP. This latest earning report provides insight into the company’s performance and financial progress.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Manchester United. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Manchester United. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Manchester United. More…

Key Ratios Snapshot

Some of the financial key ratios for Manchester United are shown below. More…

Price History

According to Zacks, on Monday the stock opened at $22.4 and closed at $22.4, a dip of 1.1% from the previous closing price of 22.6. Investors will be closely watching the earnings report for any signs of improvement or downturn in the company’s financial performance. Analysts will be assessing the company’s sales and expense figures as well as other key indicators such as customer traffic and cash flows. Manchester United’s stock price could also be affected by any commentary from the company’s management regarding their short-term and long-term performance outlook. Live Quote…

Analysis

At GoodWhale, we strive to provide our users with the most comprehensive financial analysis of companies, so they can make informed decisions when investing. Our analysis of Manchester United shows that it represents a high risk investment, according to our Risk Rating. Upon further investigation, we discovered two risk warnings in their income sheet and balance sheet which can be accessed by registering on our website. We believe in giving investors the facts, so they can make the best decision when it comes to their money. That is why we offer our Risk Rating as a way for investors to quickly assess companies and protect their investments. We also provide further analysis and in-depth information on our website. Investing can be a tricky process, but with GoodWhale, investors can trust that they have access to accurate, up-to-date information on any company they are looking into. Take a look at Manchester United’s financials and make sure you are protected. More…

Peers

Since its establishment in 1902, Manchester United PLC has been one of the most successful soccer clubs in the world. The English club has won 20 league titles, 12 FA Cups, five League Cups, and three European Cups. In recent years, Manchester United PLC has been competing with Futebol Clube do Porto – Futebol SAD, Bonhill Group PLC, Live Co Group PLC, and other companies for the title of most successful soccer club.

– Futebol Clube do Porto – Futebol SAD ($LTS:0MSQ)

Futebol Clube do Porto – Futebol SAD is a professional football club in Portugal. The club is based in the city of Porto and plays in the Primeira Liga, the top flight of Portuguese football. The club was founded in 1893 and has won the Primeira Liga title a record 27 times, the Taça de Portugal a record 25 times, the Taça da Liga a record 7 times, and the UEFA Champions League twice. The club has also won the UEFA Cup twice and the UEFA Super Cup once.

– Bonhill Group PLC ($LSE:BONH)

Bonhill Group PLC is a business intelligence, media, and events company. The company operates in three segments: Business Information, Events, and Media. The Business Information segment provides critical intelligence and analysis on the people, companies, and deals that shape the technology, media, and telecoms markets. The Events segment produces live events that connect and inform technology, media, and telecoms professionals. The Media segment provides news and insight on the technology, media, and telecoms markets.

– Live Co Group PLC ($LSE:LVCG)

Live Co Group PLC is a holding company that owns and operates businesses in the live entertainment industry. The company has a market cap of 6.74M as of 2022 and a Return on Equity of -28.65%. The company’s businesses include live music venues, ticketing platforms, and artist management. The company’s mission is to provide live entertainment experiences that inspire, connect, and entertain people around the world.

Summary

Investors interested in Manchester United should take note of the upcoming earnings release on Tuesday, June 27th. Analysts are expecting the company to post a positive earning, and the stock has been on an upward trend as of late. It is important to consider the current market conditions and how they could impact the share price of Manchester United when the earnings are released.

Investors should also keep an eye on any newly released information on the company, such as any strategic decisions or changes in performance. As a whole, any potential investments in Manchester United should be made with a thorough understanding of the company’s current financials and expected growth.