Sphere Entertainment (SPHR) Set to Announce Quarterly Earnings on Tuesday

Sphere Entertainment (NYSE:SPHR) will be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Sphere Entertainment to post earnings of ($3.32) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sphere Entertainment (NYSE:SPHR) last issued its earnings results on Wednesday, August 14th. The company reported ($2.00) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.47) by $0.47. Sphere Entertainment had a negative net margin of 19.54% and a negative return on equity of 9.02%. The business had revenue of $273.40 million for the quarter, compared to analyst estimates of $271.28 million. During the same period in the prior year, the firm earned $15.43 earnings per share. Sphere Entertainment’s revenue was up 111.8% on a year-over-year basis. On average, analysts expect Sphere Entertainment to post $-10 EPS for the current fiscal year and $-7 EPS for the next fiscal year.

Sphere Entertainment Price Performance

Shares of NYSE SPHR opened at $43.81 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $43.71 and its 200-day moving average price is $41.35. The firm has a market capitalization of $1.55 billion, a P/E ratio of -7.74 and a beta of 1.41. Sphere Entertainment has a 1-year low of $27.02 and a 1-year high of $51.83.

Wall Street Analyst Weigh In

SPHR has been the topic of several recent research reports. Macquarie reissued a “neutral” rating and issued a $47.00 price objective on shares of Sphere Entertainment in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upgraded Sphere Entertainment from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $37.00 to $57.00 in a report on Friday, August 16th. Wolfe Research upgraded shares of Sphere Entertainment from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Wednesday, October 2nd. Benchmark reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Sphere Entertainment in a research note on Tuesday, September 3rd. Finally, Guggenheim boosted their target price on shares of Sphere Entertainment from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.71.

Sphere Entertainment Company Profile

Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.