Sphere Entertainment Co expected to post a loss of 59 cents a share - Earnings Preview

Sphere Entertainment

15/08/2023 14:38

* Sphere Entertainment Co  SPHR.N   SPHR.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 17
(estimated). 
    * The New York City-based  company is expected to report  a
71.5% decrease in revenue to $129.216 million from $453.54
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sphere
Entertainment Co
is for a loss of 59 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"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 $25​, below​ its last closing price
of $39.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.23       -0.14      -1.64     Missed  -1,090
                                                        .6
 Dec. 31 2023  1.15        1.14       1.95      Beat    71
 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.        0.02        0.04       -0.51     Missed  -1,388
 31 2022                                                .9
 Dec. 31 2021  0.94        1.00       0.07      Missed  -93​
 Sep. 30 2021  -1.04       -1.15      -1.24     Missed  -8.3
 Jun. 30 2021  -3.39       -3.31      -5.05     Missed  -52.8
 This summary was machine generated August 15 at 13:38 GMT.  All
figures in US dollars  unless otherwise stated