Sphere Entertainment Co expected to post a loss of $2.76 a share - Earnings Preview

Sphere Entertainment

08/11/2024 15:43

* Sphere Entertainment Co  SPHR.N   SPHR.K  is expected
to show a
rise in quarterly revenue when it reports  results on November
12 for the period ending September 30 2024
    * The New York City-based  company is expected to report a
109.7% increase in revenue to $247.507 million from $118.01
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sphere Entertainment Co
is for
a loss of $2.76 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 1 "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 47.00​, above​ its last closing price
of $44.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -2.20       -2.04      -1.31     Beat    35.7
 Mar. 31 2024  -0.24       -0.19      -1.33     Missed  -596.3
 Dec. 31 2023  -0.86       -0.60      -4.91     Missed  -724.9
                                                        ​
 Sep. 30 2023  -1.91       -2.06      1.98      Beat    196.1
 ​​Jan.        -0.66       -0.59      15.24     Beat    2,683.
 1 0001                                                 1
 Mar. 31 2023  -0.23       -0.14      -1.64     Missed  -1,090
                                                        .6​
 Dec. 31 2022  1.15        1.14       1.95      Beat    71
 Jan. 1 0001   -0.93       -0.97      -1.30     Missed  -34.6
 This summary was machine generated November 8 at 15:43 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)