Seaport Res Ptn Has Negative Forecast for MSGE Q1 Earnings

Key Points

• Seaport Res Ptn analysts have lowered their Q1 2026 EPS estimate for Madison Square Garden Entertainment to ($0.65), revising it down from ($0.44).
• During the latest quarter, Madison Square Garden Entertainment reported a loss of ($0.50) EPS, missing estimates by ($0.03), along with a year-over-year revenue decline of 17.2%.
• Goldman Sachs raised its price target for Madison Square Garden Entertainment from $36.00 to $41.00, maintaining a "buy" rating, while Wall Street Zen downgraded it from "hold" to "sell".

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Investment analysts at Seaport Res Ptn dropped their Q1 2026 earnings per share (EPS) estimates for shares of Madison Square Garden Entertainment in a report issued on Wednesday, August 27th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of ($0.65) per share for the quarter, down from their prior forecast of ($0.44). The consensus estimate for Madison Square Garden Entertainment's current full-year earnings is $1.04 per share. Seaport Res Ptn also issued estimates for Madison Square Garden Entertainment's Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at ($0.39) EPS and FY2027 earnings at $2.49 EPS.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.47) by ($0.03). The business had revenue of $154.14 million during the quarter, compared to analyst estimates of $151.17 million. Madison Square Garden Entertainment had a net margin of 3.97% and a negative return on equity of 458.14%. The firm's revenue for the quarter was down 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share.

Several other analysts also recently commented on MSGE. Wall Street Zen downgraded Madison Square Garden Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Morgan Stanley raised their target price on Madison Square Garden Entertainment from $41.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group raised their target price on Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Madison Square Garden Entertainment Stock Up 0.6%

Shares of MSGE traded up $0.23 during trading hours on Monday, hitting $40.65. The stock had a trading volume of 88,529 shares, compared to its average volume of 337,243. The company has a debt-to-equity ratio of 60.61, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $39.07 and a 200-day simple moving average of $36.13. The firm has a market capitalization of $1.93 billion, a P/E ratio of 53.46 and a beta of 0.44. Madison Square Garden Entertainment has a 1-year low of $28.29 and a 1-year high of $44.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSGE. Bank of America Corp DE boosted its holdings in Madison Square Garden Entertainment by 324.8% during the second quarter. Bank of America Corp DE now owns 667,248 shares of the company's stock worth $26,670,000 after purchasing an additional 510,191 shares during the last quarter. Long Pond Capital LP purchased a new position in Madison Square Garden Entertainment during the first quarter worth about $13,630,000. Dendur Capital LP boosted its holdings in Madison Square Garden Entertainment by 60.1% during the second quarter. Dendur Capital LP now owns 925,500 shares of the company's stock worth $36,992,000 after purchasing an additional 347,500 shares during the last quarter. Ariel Investments LLC increased its holdings in Madison Square Garden Entertainment by 2.2% during the first quarter. Ariel Investments LLC now owns 7,775,373 shares of the company's stock worth $254,566,000 after buying an additional 170,830 shares during the last quarter. Finally, Norges Bank purchased a new stake in Madison Square Garden Entertainment during the second quarter worth about $6,335,000. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Entertainment Company Profile

Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.