Seaport Res Ptn Has Negative Outlook for MSGS Q1 Earnings

Key Points

• Seaport Res Ptn has lowered its Q1 2026 EPS estimate for Madison Square Garden to ($1.34) from the previous ($1.01), reflecting a very pessimistic outlook.
• Madison Square Garden's latest quarterly earnings reported a loss of ($0.07) EPS, exceeding analysts’ expectations of a larger loss, with revenues reaching $203.96 million.
• The stock has a recent trading price of $197.03, with a market capitalization of $4.73 billion and an average rating of "Moderate Buy" among analysts.

The Madison Square Garden Company (NYSE:MSGS - Free Report) - Analysts at Seaport Res Ptn decreased their Q1 2026 earnings per share estimates for shares of Madison Square Garden in a research report issued on Tuesday, August 12th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of ($1.34) for the quarter, down from their previous forecast of ($1.01). The consensus estimate for Madison Square Garden's current full-year earnings is $0.73 per share. Seaport Res Ptn also issued estimates for Madison Square Garden's Q2 2026 earnings at ($0.01) EPS, Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at ($1.57) EPS, FY2026 earnings at ($1.50) EPS and FY2027 earnings at $0.78 EPS.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Guggenheim restated a "buy" rating and issued a $314.00 target price on shares of Madison Square Garden in a report on Tuesday, May 6th. Susquehanna assumed coverage on Madison Square Garden in a report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Madison Square Garden from $215.00 to $220.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $253.60.

Madison Square Garden Stock Performance

Shares of MSGS stock traded up $0.22 during mid-day trading on Friday, hitting $197.14. 3,879 shares of the stock traded hands, compared to its average volume of 155,781. Madison Square Garden has a twelve month low of $173.26 and a twelve month high of $237.99. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -214.28 and a beta of 0.79. The company's 50-day simple moving average is $201.58 and its 200-day simple moving average is $197.40.

Madison Square Garden (NYSE:MSGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.35. Madison Square Garden had a negative return on equity of 1.76% and a negative net margin of 2.16%. The company had revenue of $203.96 million for the quarter, compared to analysts' expectations of $151.00 million. During the same period last year, the firm earned $1.06 EPS. The firm's revenue for the quarter was down 10.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MSGS. LPL Financial LLC grew its holdings in shares of Madison Square Garden by 12.0% during the fourth quarter. LPL Financial LLC now owns 2,272 shares of the company's stock valued at $513,000 after buying an additional 244 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Madison Square Garden by 5.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,437 shares of the company's stock valued at $1,453,000 after buying an additional 322 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Madison Square Garden by 6.3% during the fourth quarter. Invesco Ltd. now owns 83,258 shares of the company's stock valued at $18,790,000 after buying an additional 4,918 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Madison Square Garden during the fourth quarter valued at $4,425,000. Finally, Treasurer of the State of North Carolina boosted its position in Madison Square Garden by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company's stock valued at $1,844,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company's stock.

About Madison Square Garden

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.