Madison Square Garden Sports Future Growth
Future criteria checks 3/6
Madison Square Garden Sports is forecast to grow earnings and revenue by 75.2% and 1.1% per annum respectively while EPS is expected to grow by 73.8% per annum.
Key information
75.2%
Earnings growth rate
73.81%
EPS growth rate
| Entertainment earnings growth | 21.8% |
| Revenue growth rate | 1.1% |
| Future return on equity | n/a |
| Analyst coverage | Good |
| Last updated | 02 Jun 2026 |
Recent future growth updates
Recent updates
Seeking Alpha • Jun 12
Madison Square Garden Sports: The Knicks Are On The Verge Of Something Special
Summary Madison Square Garden Sports Corp. is upgraded to a speculative Buy as the Knicks near their first NBA championship since 1973. MSGS trades at a 17.7% discount to adjusted Forbes private market valuation, with potential for further upside if the Knicks win. A confidential SEC filing advances plans to split MSGS into separate Knicks and Rangers entities, potentially unlocking additional value. Buyer interest could surge post-championship, and MSGS offers unique portfolio diversification with low S&P 500 correlation. Read the full article on Seeking Alpha
Narrative Update • Jun 10
MSGS: Playoff And Spin Off Hype Will Challenge Extreme Future P E Multiples
Analysts have raised their price targets on Madison Square Garden Sports to a broad range of $404 to $477, citing updated models that factor in additional Knicks playoff games, potential value from a planned Knicks and Rangers spin off, and possible monetization and expansion catalysts. Analyst Commentary Recent research on Madison Square Garden Sports clusters around a few clear themes: the value ascribed to the Knicks and Rangers, expectations around a planned spin off, and how playoff exposure feeds into both near term cash flow and longer term franchise value.Narrative Update • May 27
MSGS: Knicks Franchise Monetization Timing Will Test Elevated P/E Assumptions
Analysts have increased their average price target on Madison Square Garden Sports by roughly $20 to the low $400s, citing refreshed models after fiscal Q3 results, updated FY26 outlook assumptions, and continued focus on the implied discount to the Knicks' franchise value and potential partial monetization. Analyst Commentary Recent Street research on Madison Square Garden Sports has centered on refreshed models following fiscal Q3 results, updated FY26 assumptions, and how the market values the Knicks franchise relative to the stock's implied discount.
Narrative Update • May 03
MSGS: Higher Future P/E Multiple Will Shape Franchise Value Reassessment
The analyst fair value estimate for Madison Square Garden Sports has moved from $314 to $430. This reflects how recent target hikes and mixed rating changes from several firms have led analysts to reassess the stock using a lower discount rate, more conservative revenue growth and profit margin assumptions, and a much higher future P/E multiple.Narrative Update • Apr 18
MSGS: Elevated P/E Will Expose Execution Risk On Revenue Assumptions
Analysts have raised their average price target on Madison Square Garden Sports by a double digit dollar amount, citing updated views on revenue growth, profit margins, and future P/E assumptions reflected in recent target increases from multiple firms. Analyst Commentary Recent research updates on Madison Square Garden Sports show a cluster of higher price targets, with firms citing refreshed assumptions around revenue, profitability, and P/E.
Narrative Update • Apr 04
MSGS: Future Asset Discount Is Expected To Persist As Spin Off Plans Advance
Narrative Update Overview Analysts have lifted the implied fair value estimate for Madison Square Garden Sports from about $311.50 to roughly $348.60. They point to updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple following recent price target increases from several firms.Narrative Update • Mar 21
MSGS: Premium P/E And Team Spin Off Uncertainty Will Shape Future Risk
Analysts have raised their price targets on Madison Square Garden Sports by as much as $75, citing updated views on revenue growth potential and long-term profitability assumptions that are now reflected in the revised valuation inputs. Analyst Commentary Recent Street research on Madison Square Garden Sports has centered on updated price targets that incorporate revised assumptions for revenue growth, profitability, and execution risks.Narrative Update • Mar 07
MSGS: Premium P/E And Potential Team Spin Off Will Shape Future Risk
Analysts have raised their price targets on Madison Square Garden Sports by between $5 and $75, citing updated assumptions around revenue growth, profitability, and the appropriate P/E multiple for the stock. Analyst Commentary While recent price target revisions for Madison Square Garden Sports skew higher in absolute dollar terms, not every research desk is leaning in with the same level of confidence.Narrative Update • Feb 21
MSGS: Elevated P/E Assumptions Will Likely Sustain Premium And Downside Risk
The analyst price target for Madison Square Garden Sports has shifted from $220 to $295. Analysts attribute this change to updated assumptions on discount rates, revenue growth, margins, and a higher future P/E multiple.Narrative Update • Feb 07
MSGS: Future Asset Discount Is Expected To Persist As Buyout Program Progresses
Narrative Update The analyst price target for Madison Square Garden Sports has shifted from US$280.50 to US$311.50, with analysts pointing to updated assumptions for discount rate, revenue growth, profit margin and future P/E, as well as recent target increases from several firms, as the main drivers of this change. Analyst Commentary Recent Street research on Madison Square Garden Sports has centered on updated price targets and refreshed assumptions for discount rate, revenue growth, profit margins and future P/E, with several firms adjusting their targets by meaningful dollar amounts.Narrative Update • Jan 23
MSGS: Future 60% Asset Discount Is Expected To Remain Despite Mixed Signals
Analysts have nudged their fair value estimate for Madison Square Garden Sports higher from about $265 to roughly $280, citing updated private market value work on the Knicks and Rangers, recent price target moves on the stock, and an assumed richer future P/E multiple as key supports for the new target. Analyst Commentary Recent research on Madison Square Garden Sports highlights both enthusiasm about asset value and caution around near-term execution.Narrative Update • Jan 09
MSGS: Discount To Private Market Value Will Likely Persist Despite Recent Miss
Narrative Update: Madison Square Garden Sports Analyst Pricing Shift Analysts have trimmed their price target on Madison Square Garden Sports to $268 from $270, citing what they view as a sizable discount to private market value for the Knicks and Rangers, supported by recent sales of peer franchises and a modest offseason shortfall tied to lower league distributions. Analyst Commentary Recent commentary around Madison Square Garden Sports has centered on how the market is pricing the Knicks and Rangers relative to what some see as higher private market values.Narrative Update • Dec 25
MSGS: Future 60% Asset Discount Is Expected To Persist Near Term
Analysts have nudged their average price target on Madison Square Garden Sports slightly higher to approximately $265.33 from $264.50, citing resilient profit margin expectations and still-attractive private market value comparisons for the Knicks and Rangers, despite modest concerns around governance, liquidity, and near term catalysts. Analyst Commentary Recent Street research presents a mixed but generally constructive view on Madison Square Garden Sports, with bullish analysts emphasizing the disconnect between trading levels and underlying asset value, while more cautious voices highlight structural and governance related constraints on the equity story.Narrative Update • Dec 11
MSGS: Future 60% Discount To Private Market Value Will Narrow
Analysts have modestly reduced their price target on Madison Square Garden Sports to about $268, down roughly $2, citing a still sizable discount to the estimated private market value for the Knicks and Rangers, along with concerns about governance and the visibility of potential catalysts. Analyst Commentary Street views on Madison Square Garden Sports remain mixed, with valuation support from private market benchmarks offset by governance and liquidity concerns.Narrative Update • Nov 27
MSGS: Future Team Sales Will Unlock Value Amid Discounted Share Price
The consensus analyst price target for Madison Square Garden Sports was revised slightly lower, decreasing by $0.50 to $264.50 per share. Analysts cited recent comparable team sales, a modest earnings shortfall, and ownership structure as key factors informing their updated outlook.Narrative Update • Nov 07
MSGS: Future Franchise Transactions Will Unlock Shareholder Value
Madison Square Garden Sports saw its analyst price target rise slightly by $1.33 to $265.00. Analysts cite improved projected revenue growth, although this is somewhat offset by cautious sentiment around recent valuation trends and profitability expectations.Narrative Update • Oct 24
Media Rights And Franchise Deals Will Drive Upside In Coming Years
Analysts have modestly raised their price target for Madison Square Garden Sports. Recent coverage highlights balanced cash generation and undervaluation compared to peers, resulting in an updated fair value estimate of $263.67 per share.Narrative Update • Oct 09
NBA Media Rights And International Deals Will Expand Reach
Analysts have modestly increased their fair value price target for Madison Square Garden Sports from $261.50 to $263.67 per share, citing recent coverage and a mix of both potential catalysts as well as ongoing ownership complexities as key factors influencing the adjustment. Analyst Commentary Recent street research on Madison Square Garden Sports presents a mix of optimism and caution, reflecting both the growth opportunities and ongoing challenges for the company.Analysis Article • Jun 24
Risks To Shareholder Returns Are Elevated At These Prices For Madison Square Garden Sports Corp. (NYSE:MSGS)
Madison Square Garden Sports Corp.'s ( NYSE:MSGS ) price-to-sales (or "P/S") ratio of 4.7x may look like a poor...Seeking Alpha • Jan 01
Madison Square Garden Sports: Little Room For Growth Beyond Current Sports Fans
Summary Madison Square Garden Sports spun off from the main Madison Square Garden Company and is affiliated with the iconic arena. The company owns top basketball and ice hockey teams, benefiting from high attendance rates. MSGS's balance sheet is healthy, but cash flow growth is muted post-split. The company's valuation does not offer a significant margin of safety, and the stock is trading near a technical resistance. Read the full article on Seeking Alpha
New Narrative • Aug 30
Critical Fan Engagement And Media Deals Set To Propel Sports Giant's Growth
Expansion and renovation efforts, along with strategic pricing for season tickets, aim to enhance fan experience and loyalty while boosting revenue.Seeking Alpha • Jun 19
Madison Square Garden Sports: A Fine Balancing Act For More Growth
Summary Madison Square Garden Sports owns several sports franchises, including the New York Knicks and New York Rangers. The company's revenue has recovered to pre-pandemic levels, but earnings and net income are declining. MSGS's total equity is in the red, and its valuation is high if only compared to its peers and its entertainment unit spin-off, MSGE. Read the full article on Seeking AlphaSeeking Alpha • May 30
Madison Square Garden Sports: Highly Susceptible To Multiple Contraction
Summary Madison Square Garden Sports has inefficient capital turnover and low operating margins, resulting in little to no earnings relative to capital invested in the business. The company is not well-positioned to benefit from the high growth projected in the movies and entertainment market, in my view. The company's valuation is exorbitant, with high multiples of earnings and net assets, making it difficult to justify its current stock price. Read the full article on Seeking AlphaSeeking Alpha • Nov 15
Madison Square Garden Sports: Quarterly Double-Digit Net Sales Growth, And Not Expensive
Summary Madison Square Garden Sports Corp. owns a strong portfolio of sports assets and intangibles, including the New York Knicks and New York Rangers. The company reported significant quarterly net sales growth and operates in a market expected to grow at a CAGR of 21.26% from 2021 to 2028. While there are risks from competition and debt levels, the company's assets and sponsorship agreements mitigate some of these concerns. Read the full article on Seeking AlphaSeeking Alpha • Aug 15
Madison Square Garden Sports For The Win
Summary Madison Square Garden Sports owns the New York Knicks, New York Rangers, 2 minor league teams, a 114,000-foot complex, and eSports assets. Sports franchises have been lucrative investments, with teams often selling for much higher than their estimated value. The assets could be selling for 50%+ of intrinsic value. Read the full article on Seeking AlphaEarnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2028 | 1,108 | 16 | 16 | 26 | 5 |
| 6/30/2027 | 1,051 | -15 | 34 | 31 | 7 |
| 6/30/2026 | 1,083 | -11 | 28 | 40 | 7 |
| 3/31/2026 | 1,079 | -22 | 53 | 55 | N/A |
| 12/31/2025 | 1,071 | -17 | 0 | 3 | N/A |
| 9/30/2025 | 1,025 | -24 | 29 | 33 | N/A |
| 6/30/2025 | 1,039 | -22 | 88 | 92 | N/A |
| 3/31/2025 | 1,063 | 5 | 147 | 150 | N/A |
| 12/31/2024 | 1,068 | 57 | 147 | 148 | N/A |
| 9/30/2024 | 1,037 | 70 | 119 | 120 | N/A |
| 6/30/2024 | 1,027 | 59 | 91 | 92 | N/A |
| 3/31/2024 | 927 | 24 | 20 | 21 | N/A |
| 12/31/2023 | 880 | 39 | 99 | 101 | N/A |
| 9/30/2023 | 906 | 45 | 96 | 97 | N/A |
| 6/30/2023 | 887 | 46 | 151 | 152 | N/A |
| 3/31/2023 | 936 | 82 | 228 | 229 | N/A |
| 12/31/2022 | 891 | 54 | 184 | 186 | N/A |
| 9/30/2022 | 827 | 50 | 198 | 199 | N/A |
| 6/30/2022 | 821 | 51 | 177 | 178 | N/A |
| 3/31/2022 | 793 | 74 | 82 | 83 | N/A |
| 12/31/2021 | 638 | 55 | 10 | 10 | N/A |
| 9/30/2021 | 377 | -2 | 2 | 3 | N/A |
| 6/30/2021 | 416 | -14 | -36 | -35 | N/A |
| 3/31/2021 | 262 | -142 | -183 | -162 | N/A |
| 12/31/2020 | 346 | -142 | -271 | -129 | N/A |
| 9/30/2020 | 611 | -105 | -289 | -20 | N/A |
| 6/30/2020 | 603 | -116 | -360 | 4 | N/A |
| 3/31/2020 | -28 | -168 | -240 | 175 | N/A |
| 12/31/2019 | 222 | -138 | N/A | 244 | N/A |
| 9/30/2019 | 561 | -53 | N/A | 172 | N/A |
| 6/30/2019 | 729 | -46 | N/A | 161 | N/A |
| 3/31/2019 | 1,685 | 39 | N/A | 150 | N/A |
| 12/31/2018 | 1,628 | 12 | N/A | 194 | N/A |
| 9/30/2018 | 1,532 | 120 | N/A | 205 | N/A |
| 6/30/2018 | 712 | 40 | N/A | 218 | N/A |
| 3/31/2018 | 1,547 | 103 | N/A | 274 | N/A |
| 12/31/2017 | 1,473 | 77 | N/A | 159 | N/A |
| 9/30/2017 | 1,382 | -55 | N/A | 206 | N/A |
| 6/30/2017 | 1,318 | -73 | N/A | 224 | N/A |
| 3/31/2017 | 1,231 | -47 | N/A | 147 | N/A |
| 12/31/2016 | 1,181 | -90 | N/A | 121 | N/A |
| 9/30/2016 | 1,147 | -104 | N/A | 106 | N/A |
| 6/30/2016 | 1,115 | -77 | N/A | 126 | N/A |
| 3/31/2016 | 1,153 | -20 | N/A | 133 | N/A |
| 12/31/2015 | 1,117 | 29 | N/A | 149 | N/A |
| 9/30/2015 | 1,103 | -5 | N/A | 108 | N/A |
| 6/30/2015 | 1,072 | -41 | N/A | 69 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSGS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).
Earnings vs Market: MSGS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MSGS is expected to become profitable in the next 3 years.
Revenue vs Market: MSGS's revenue (1.1% per year) is forecast to grow slower than the US market (12.7% per year).
High Growth Revenue: MSGS's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MSGS's Return on Equity is forecast to be high in 3 years time
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 00:37 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Madison Square Garden Sports Corp. is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Joyce | Barclays |
| David Beckel | Berenberg |
| Bryan Goldberg | BofA Global Research |