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

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Equities research analysts at Seaport Res Ptn issued their Q1 2026 earnings per share estimates for Sphere Entertainment in a report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce anticipates that the company will post earnings of ($2.69) per share for the quarter. The consensus estimate for Sphere Entertainment's current full-year earnings is ($9.60) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment's Q2 2026 earnings at ($1.11) EPS.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.95) earnings per share for the quarter, topping analysts' consensus estimates of ($3.32) by $0.37. The company had revenue of $227.90 million during the quarter, compared to analysts' expectations of $229.86 million. Sphere Entertainment had a negative return on equity of 16.26% and a negative net margin of 32.76%. The firm's revenue for the quarter was up 93.1% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS.

A number of other brokerages have also issued reports on SPHR. JPMorgan Chase & Co. upgraded shares of Sphere Entertainment from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $37.00 to $57.00 in a research note on Friday, August 16th. Wolfe Research upgraded Sphere Entertainment from a "peer perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research note on Wednesday, October 2nd. Bank of America cut their price objective on Sphere Entertainment from $45.00 to $43.00 and set a "neutral" rating for the company in a research report on Tuesday, September 17th. Macquarie decreased their target price on shares of Sphere Entertainment from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Benchmark reaffirmed a "sell" rating and set a $40.00 price target on shares of Sphere Entertainment in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Sphere Entertainment currently has an average rating of "Hold" and an average price target of $50.43.

Sphere Entertainment Stock Performance

NYSE:SPHR traded down $1.34 during midday trading on Thursday, reaching $40.39. The stock had a trading volume of 925,537 shares, compared to its average volume of 750,876. The stock has a market cap of $1.43 billion, a P/E ratio of -3.98 and a beta of 1.41. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. Sphere Entertainment has a 12-month low of $27.02 and a 12-month high of $51.83. The firm has a fifty day simple moving average of $43.54 and a two-hundred day simple moving average of $41.39.

Institutional Trading of Sphere Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. Ariel Investments LLC lifted its position in shares of Sphere Entertainment by 8.2% in the second quarter. Ariel Investments LLC now owns 5,538,121 shares of the company's stock valued at $194,167,000 after acquiring an additional 419,581 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Sphere Entertainment by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,807,395 shares of the company's stock valued at $137,787,000 after purchasing an additional 17,613 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in shares of Sphere Entertainment by 4.4% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,542,865 shares of the company's stock worth $124,804,000 after purchasing an additional 106,651 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Sphere Entertainment by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 960,581 shares of the company's stock worth $47,145,000 after buying an additional 69,001 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Sphere Entertainment by 0.6% in the first quarter. Gabelli Funds LLC now owns 673,826 shares of the company's stock valued at $33,071,000 after buying an additional 3,956 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company's stock.

About Sphere Entertainment

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.