Sphere Entertainment Co expected to post a loss of 19 cents a share - Earnings Preview

Sphere Entertainment

06/05/2024 14:57

* Sphere Entertainment Co  SPHR.N   SPHR.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 10 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
10.6% decrease in revenue to $324.634 million from $363.3
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sphere Entertainment Co
is for
a loss of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sphere
Entertainment Co is $42.50​, above​ its last closing price
of $40.51. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.86       -0.60      -4.91     Missed  -724.9
 Sep. 30 2023  -1.91       -2.06      1.98      Beat    196.1
 Jun. 30 2023  -0.66       -0.59      15.24     Beat    2,683.
                                                        1​
 Mar. 31 2023  -0.23       -0.14      -1.64     Missed  -1,090
                                                        .6
 ​​Dec.        1.15        1.14       1.95      Beat    71
 31 2022                                                
 Sep. 30 2022  -0.93       -0.97      -1.30     Missed  -34.6​
 Jun. 30 2022  -0.66       -0.54      -1.88     Missed  -248.8
 Mar. 31 2022  0.02        0.04       -0.51     Missed  -1,388
                                                        .9
 This summary was machine generated May 6 at 13:57 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)