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Manchester United Q3 Earnings Preview: Can Soccer Team Overcome English Premier League Disappointment, Champions League Miss Going Forward?

The sport of soccer is making headlines with viewers tuning into the 2024 Copa America and Euro international tournaments. A publicly traded soccer team is on deck to report quarterly earnings on Wednesday before the market opens. Earnings Estimates: English soccer team Manchester United PLC (NYSE:MANU) is expected to report third-quarter revenue of $162.9 million according to data from Benzinga Pro. The company reported revenue of $206.5 million in last year's third quarter and has beaten analysts' estimates in six straight quarters. Analysts expect the company to report a loss of 27 cents per share in the third quarter, compared to a loss of 9 cents in last year's third quarter. The company has missed analysts' earnings per share estimates in four of the past five quarters. Recent Minority Sale: Manchester United made headlines in recent months with Jim Ratcliffe taking a minority stake in the team, buying 25% of Class B and 25% of Class A shares. The billionaire bought shares at $33 each and a team valuation of $6.3 billion. Shares of Manchester United have fallen significantly in 2024 as reports originally saw the team being sold in its entirety. A look at the chart from Benzinga Pro below shows shares of Manchester United down 22.5% year-to-date.