It is not that often that we see a professional sports team be a public company but that is just what MANU is.
Manchester United (MANU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The mean of analysts' price targets for Manchester United (MANU) points to a 29.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Manchester United Plc (NYSE:MANU) shares are a ‘Buy' but the football club's revenue forecast of £690 million for the year is very unlikely to be achievable, that's according to UBS analyst Ivar Billfalk-Kelly. The Swiss bank's own revenue forecast is pitched at £662 million, and it is based on United finishing the premier league in fifteenth place and doesn't assume any European success.
Manchester United Plc (NYSE:MANU) has unveiled plans to build a new 100,000-seat stadium to replace its current 115-year-old Old Trafford home. What would be the largest stadium in the country, topping Wembley's 90,000 capacity, is part of plans for a regeneration of the Old Trafford area, also including the building of 17,000 new homes.
MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), has thrown its support behind the Government's growth agenda by announcing its intention to pursue a new 100,000-seat stadium as the centrepiece of the regeneration of the Old Trafford area. The stadium, and wider regeneration project, have the potential to deliver an additional £7.3bn per year to the UK economy which brings large-scale social and economic benefits to the community and wider region, including the possible.
UBS is playing the long game on Manchester United Plc (NYSE:MANU), despite the club being on track for its worst-ever Premier League finish. The bank has cut its earnings estimates for 2025 and 2026, reflecting a predicted 15th-place finish this season and a mid-table recovery to 10th next year.
Manchester United PLC swung to a loss in the second quarter as the Premier League football club's absence from the top flight of European football hampered revenue. A £27.7 million loss was recorded for the three months to December 31, the club reported Wednesday, against a £24.4 million profit a year earlier.
Manchester United (MANU) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.14 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 28% in Manchester United (MANU). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Manchester United stock has risen since March, driven by leadership changes and the appointment of new manager Ruben Amorim. Despite the improved sentiment, financial performance remains sluggish with limited revenue growth and ongoing losses, posing challenges for a sustained stock rally. The club aims to boost revenues by increasing ticket prices and cutting costs, but success on the field is crucial for long-term growth.
Manchester United trades at a significant discount to its predicted value, despite being one of the world's premier sports franchises. The club's current market valuation is around $3 billion, far below the $6.6 billion valuation estimate by Forbes. The business forecasts FY25 revenues at $837 million, while the stock trades at only ~15x profit, indicating a substantial undervaluation.