Madison Square Garden (MSGS) Expected to Announce Earnings on Friday

Key Points

• Madison Square Garden (NYSE:MSGS) will report Q3 2026 results before the market opens on Friday, May 1, with analysts forecasting $0.561 EPS and $429.7M revenue; the earnings call is scheduled for May 4 at 12:30 PM ET.
• In the prior quarter MSGS missed estimates, posting $0.34 EPS vs. a $0.66 consensus while revenue rose 12.7% year‑over‑year to $403.4M, showing revenue growth despite an earnings shortfall.
• The stock has a MarketBeat consensus rating of "Hold" with a $333.80 target and a market cap near $7.99B, amid mixed analyst moves and notable insider selling (Director Charles P. Dolan sold 5,659 shares).

Madison Square Garden (NYSE:MSGS - Get Free Report) is expected to be releasing its Q3 2026 results before the market opens on Friday, May 1st. Analysts expect Madison Square Garden to post earnings of $0.5610 per share and revenue of $429.7320 million for the quarter. Individuals can find conference call details on the company's upcoming Q3 2026 earning report page for the latest details on the call scheduled for Monday, May 4, 2026 at 12:30 PM ET.

Madison Square Garden (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.32). The firm had revenue of $403.42 million during the quarter, compared to analyst estimates of $394.58 million. The firm's revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. On average, analysts expect Madison Square Garden to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Madison Square Garden Stock Down 1.0%

MSGS stock opened at $331.97 on Friday. The company has a market cap of $7.99 billion, a price-to-earnings ratio of -481.12 and a beta of 0.59. The business has a fifty day simple moving average of $320.33 and a 200-day simple moving average of $270.75. Madison Square Garden has a 52 week low of $184.63 and a 52 week high of $345.48.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup downgraded Madison Square Garden from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $337.00 to $355.00 in a report on Thursday. Guggenheim upped their price objective on Madison Square Garden from $355.00 to $401.00 and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen upgraded Madison Square Garden from a "strong sell" rating to a "hold" rating in a report on Saturday, February 14th. JPMorgan Chase & Co. upped their price objective on Madison Square Garden from $240.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Finally, Weiss Ratings upgraded Madison Square Garden from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Madison Square Garden presently has a consensus rating of "Hold" and a consensus target price of $333.80.

Insiders Place Their Bets

In related news, Director Charles P. Dolan sold 5,659 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $325.26, for a total transaction of $1,840,646.34. Following the completion of the sale, the director directly owned 435 shares of the company's stock, valued at approximately $141,488.10. This represents a 92.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.07% of the company's stock.

Institutional Trading of Madison Square Garden

A number of institutional investors have recently added to or reduced their stakes in the business. Cibc World Market Inc. boosted its position in Madison Square Garden by 2.3% in the 4th quarter. Cibc World Market Inc. now owns 1,924 shares of the company's stock valued at $498,000 after buying an additional 43 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Madison Square Garden by 2.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,746 shares of the company's stock valued at $452,000 after buying an additional 45 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Madison Square Garden by 1.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,493 shares of the company's stock valued at $903,000 after buying an additional 47 shares during the last quarter. Two Sigma Investments LP boosted its position in Madison Square Garden by 0.4% in the 3rd quarter. Two Sigma Investments LP now owns 11,898 shares of the company's stock valued at $2,701,000 after buying an additional 48 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Madison Square Garden by 1.2% in the 3rd quarter. Sei Investments Co. now owns 4,289 shares of the company's stock valued at $974,000 after buying an additional 52 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp NYSE: MSGS is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA's New York Knicks, the NHL's New York Rangers and the WNBA's New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.

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