Sphere Entertainment (SPHR) Projected to Post Earnings on Monday

Sphere Entertainment (NYSE:SPHR - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect Sphere Entertainment to post earnings of ($2.15) per share and revenue of $289.63 million for the quarter.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.95) EPS 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 the consensus estimate of $229.86 million. Sphere Entertainment had a negative net margin of 32.76% and a negative return on equity of 16.48%. The company's quarterly revenue was up 93.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 EPS. On average, analysts expect Sphere Entertainment to post $-11 EPS for the current fiscal year and $-9 EPS for the next fiscal year.

Sphere Entertainment Stock Up 0.2 %

Shares of NYSE:SPHR traded up $0.09 during midday trading on Tuesday, reaching $45.26. The company had a trading volume of 502,464 shares, compared to its average volume of 670,630. The business's 50 day moving average price is $40.72 and its 200 day moving average price is $42.64. Sphere Entertainment has a 1-year low of $32.10 and a 1-year high of $51.83. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.60 billion, a PE ratio of -4.31 and a beta of 1.39.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Guggenheim dropped their price objective on Sphere Entertainment from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Macquarie dropped their price target 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, November 13th. Finally, Morgan Stanley decreased their price objective on shares of Sphere Entertainment from $45.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.75.

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.