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

Sphere Entertainment (NYSE:SPHR - Get Free Report) will announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($3.32) per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($2.00) EPS for the quarter, beating 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 firm had revenue of $273.40 million during the quarter, compared to the consensus estimate of $271.28 million. During the same quarter in the prior year, the firm earned $15.43 earnings per share. The business's quarterly 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 Trading Up 1.1 %

Shares of SPHR stock traded up $0.49 on Thursday, hitting $44.37. The stock had a trading volume of 625,902 shares, compared to its average volume of 739,413. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. Sphere Entertainment has a twelve month low of $27.02 and a twelve month high of $51.83. The company has a fifty day moving average price of $43.82 and a two-hundred day moving average price of $41.32. The firm has a market cap of $1.57 billion, a P/E ratio of -7.75 and a beta of 1.41.

Analyst Upgrades and Downgrades

SPHR has been the subject of a number of research analyst reports. Wolfe Research raised Sphere Entertainment from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Wednesday, October 2nd. Morgan Stanley raised their price objective on Sphere Entertainment from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised Sphere Entertainment from a "neutral" rating to an "overweight" rating and increased their price target for the company from $37.00 to $57.00 in a research report on Friday, August 16th. Benchmark reaffirmed a "sell" rating and set a $40.00 price target on shares of Sphere Entertainment in a research report on Tuesday, September 3rd. Finally, Bank of America dropped their target price on shares of Sphere Entertainment from $45.00 to $43.00 and set a "neutral" rating on the stock in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently 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.