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Richard Howe

Founder at Stock Spin-off Investing

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<ul><li>Analysts almost always start high and walk it down. Since 2001, consensus S&amp;P 500 calendar-year EPS estimates have drifted about 4.0% lower over the course of a year.</li><li>This cycle is doing the opposite. Consensus 2026 estimates are up 15.9% from where they started and 2027 is already up 13.5%, close to a 20 point swing versus the historical path.</li><li>That is a supportive backdrop for more separations, and I expect boards to take advantage</li></ul>

Analysts almost always start high and walk it down. Since 2001, consensus S&amp;P 500 calendar-year EPS estimates have drifted about 4.0% lower over the course of a year.This cycle is doing the opposite. Consensus 2026 estimates are up 15.9% from where they started and 2027 is already up 13.5%, close to a 20 point swing versus the historical path.That is a supportive backdrop for more separations, and I expect boards to take advantage

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Madison Square Garden Sports Corp. / Equity Bottom-Up

Madison Square Garden Sports Corp. (MSGS US)

<ul><li>Madison Square Garden Sports Corp. (MSG Sports) reported their fiscal 2025 results, highlighting both achievements and challenges that offer a nuanced perspective on the company's current standing.</li><li>The company achieved more than $1 billion in revenues and an adjusted operating income of $38.2 million.</li><li>Despite this significant revenue figure, the financial year concluded with notable challenges in the fourth quarter, leading to an adjusted operating loss of $16.8 million.</li></ul>

Madison Square Garden Sports Corp. (MSG Sports) reported their fiscal 2025 results, highlighting both achievements and challenges that offer a nuanced perspective on the company's current standing.The company achieved more than $1 billion in revenues and an adjusted operating income of $38.2 million.Despite this significant revenue figure, the financial year concluded with notable challenges in the fourth quarter, leading to an adjusted operating loss of $16.8 million.

Madison Square Garden (MSG) Sports: Will NBA & NHL Media Deals Cement Its Financial Future?

<ul><li>The recent earnings report for Madison Square Garden Sports Corp. for the fiscal 2025 second quarter provides a comprehensive look at the company's financial performance and operational developments.</li><li>The quarter saw MSG Sports generate $358 million in revenue, marking an increase from the previous year, due in part to more home games for their teams, the Knicks and the Rangers.</li><li>Despite higher revenues, adjusted operating income decreased to $20.2 million, attributed primarily to increased direct operating expenses, largely driven by higher team personnel compensation and associated luxury taxes.</li></ul>

The recent earnings report for Madison Square Garden Sports Corp. for the fiscal 2025 second quarter provides a comprehensive look at the company's financial performance and operational developments.The quarter saw MSG Sports generate $358 million in revenue, marking an increase from the previous year, due in part to more home games for their teams, the Knicks and the Rangers.Despite higher revenues, adjusted operating income decreased to $20.2 million, attributed primarily to increased direct operating expenses, largely driven by higher team personnel compensation and associated luxury taxes.

Madison Square Garden Sports Corp: An Insight Into Its Media Rights and Distribution Strategy!

<ul><li>Madison Square Garden Sports Corp. reported strong financial results for fiscal 2024, supported by the successful seasons of its two major franchises, the New York Knicks and New York Rangers.</li><li>The company's total revenues exceeded $1 billion, marking a new record.</li><li>Adjusted operating income reached $172 million, also a record, indicating robust demand among fans and partners throughout the season.</li></ul>

Madison Square Garden Sports Corp. reported strong financial results for fiscal 2024, supported by the successful seasons of its two major franchises, the New York Knicks and New York Rangers.The company's total revenues exceeded $1 billion, marking a new record.Adjusted operating income reached $172 million, also a record, indicating robust demand among fans and partners throughout the season.

Madison Square Garden Sports Corp.: Will Its Capital Allocation & Debt Management Be A Breakthrough Move? - Major Drivers

<ul><li>Madison Square Garden Sports Corp. (MSG Sports) has presented a robust financial performance in its fiscal 2024 fourth quarter and year-end earnings, reflecting effective management and promising developments within its operations.</li><li>The company, as part of its year-end declarations, showcased record-setting revenues exceeding $1 billion and an adjusted operating income of $172 million.</li><li>These figures surpassed the previous fiscal year's outcomes, underscoring the company’s financial growth trajectory.</li></ul>

Madison Square Garden Sports Corp. (MSG Sports) has presented a robust financial performance in its fiscal 2024 fourth quarter and year-end earnings, reflecting effective management and promising developments within its operations.The company, as part of its year-end declarations, showcased record-setting revenues exceeding $1 billion and an adjusted operating income of $172 million.These figures surpassed the previous fiscal year's outcomes, underscoring the company’s financial growth trajectory.

Madison Square Garden Sports Corp.: Enhancements in Fan Experience and Venue Utilization As A Critical Growth Lever! - Major Drivers

United States

Madison Square Garden Sports Corp. is a professional sports company that owns and operates sports franchises.

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Madison Square Garden Sports Corp. (MSGS US)

Weekly Update (MSGS, MEDXF, REZI)

Analysts almost always start high and walk it down. Since 2001, consensus S&P 500 calendar-year EPS estimates have drifted about 4.0% lower over...

Richard Howe

Madison Square Garden (MSG) Sports: Will NBA & NHL Media Deals Cement Its Financial Future?

Madison Square Garden Sports Corp. (MSG Sports) reported their fiscal 2025 results, highlighting both achievements and challenges that offer a...

Baptista Research

Madison Square Garden Sports Corp: An Insight Into Its Media Rights and Distribution Strategy!

The recent earnings report for Madison Square Garden Sports Corp. for the fiscal 2025 second quarter provides a comprehensive look at the...

Baptista Research

Madison Square Garden Sports Corp.: Will Its Capital Allocation & Debt Management Be A Breakthrough Move? - Major Drivers

Madison Square Garden Sports Corp. reported strong financial results for fiscal 2024, supported by the successful seasons of its two major...

Baptista Research

Madison Square Garden Sports Corp.: Enhancements in Fan Experience and Venue Utilization As A Critical Growth Lever! - Major Drivers

Madison Square Garden Sports Corp. (MSG Sports) has presented a robust financial performance in its fiscal 2024 fourth quarter and year-end...

Baptista Research

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