Sphere Entertainment Co expected to post a loss of 80 cents a share - Earnings Preview

Sphere Entertainment

02/02/2024 13:37

* Sphere Entertainment Co  SPHR.N   SPHR.K  is expected
to show a
fall in quarterly revenue when it reports  results on February 5
for the period ending December 31 2023
    * The New York City-based  company is expected to report a
53.0% decrease in revenue to $301.826 million from $642.2
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sphere Entertainment Co
is for
a loss of 80 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $34.00​, below​ its last closing price
of $36.33. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  1.15        1.14       1.95      Beat    71
 ​​Sep.        -0.93       -0.97      -1.30     Missed  -34.6
 30 2022                                                
 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
 Dec. 31 2021  0.94        1.00       0.07      Missed  -93
 This summary was machine generated February 2 at 13:37 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)