What is Seaport Res Ptn's Forecast for MSGE Q1 Earnings?

Key Points

• Seaport Res Ptn has downgraded its Q1 2026 earnings per share estimate for Madison Square Garden Entertainment (MSGE) from ($0.38) to ($0.44), reflecting increased pessimism about the company's performance.
• Despite this downgrade, analysts have varying ratings for MSGE, with Goldman Sachs raising its target price to $41.00 and maintaining a "buy" rating, while Wall Street Zen has downgraded it to a "sell" rating.
• In its latest earnings report, MSGE missed consensus EPS estimates by reporting ($0.50) for the quarter, while revenue was down 17.2% compared to the previous year, highlighting potential challenges for the company moving forward.

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Stock analysts at Seaport Res Ptn reduced their Q1 2026 earnings per share (EPS) estimates for shares of Madison Square Garden Entertainment in a research report issued on Wednesday, August 13th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn ($0.44) per share for the quarter, down from their prior forecast of ($0.38). 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 Q4 2026 earnings at ($0.60) EPS and FY2027 earnings at $2.48 EPS.

Several other analysts also recently issued reports on MSGE. Susquehanna started coverage on Madison Square Garden Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $39.00 price target for the company. Wall Street Zen downgraded Madison Square Garden Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Morgan Stanley increased their price target on Madison Square Garden Entertainment from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group increased their price target on Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Madison Square Garden Entertainment Stock Up 3.3%

NYSE MSGE traded up $1.2260 during trading hours on Monday, hitting $38.8860. The company had a trading volume of 38,016 shares, compared to its average volume of 334,158. Madison Square Garden Entertainment has a fifty-two week low of $28.29 and a fifty-two week high of $44.14. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 51.10 and a beta of 0.44. 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's 50 day moving average is $38.76 and its 200 day moving average is $35.94.

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

Hedge Funds Weigh In On Madison Square Garden Entertainment

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Madison Square Garden Entertainment by 0.4% during the second quarter. Rhumbline Advisers now owns 63,178 shares of the company's stock worth $2,525,000 after purchasing an additional 272 shares during the last quarter. Garden State Investment Advisory Services LLC lifted its holdings in Madison Square Garden Entertainment by 2.0% in the second quarter. Garden State Investment Advisory Services LLC now owns 15,902 shares of the company's stock worth $636,000 after acquiring an additional 306 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Madison Square Garden Entertainment by 3.2% in the first quarter. Pinnacle Associates Ltd. now owns 12,836 shares of the company's stock worth $420,000 after acquiring an additional 398 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Madison Square Garden Entertainment by 1.9% in the second quarter. Orion Porfolio Solutions LLC now owns 22,667 shares of the company's stock worth $906,000 after acquiring an additional 418 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Madison Square Garden Entertainment by 25.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,217 shares of the company's stock worth $89,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 96.86% of the company's stock.

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.