Sphere Entertainment Co reports results for the quarter ended in December - Earnings Summary

Sphere Entertainment

05/02/2024 14:31

* Sphere Entertainment Co  SPHR.N  reported a quarterly
adjusted
loss of $4.91​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.95.  The mean expectation of five analysts for the
quarter was for a loss of 80 cents per share. Wall Street
expected results to range from $-1.24 to -2 cents per share.
    * Revenue fell 51.1% to $314.16 million from a year ago;
analysts
expected $301.83 million. 
    * Sphere Entertainment Co's reported EPS for the quarter was
a
loss of $4.91​.
    * The company reported a quarterly loss of $173.25 million.
    * Sphere Entertainment Co shares had risen by 4.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 180%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the entertainment
production peer group is  "hold."

Wall Street's median 12-month price target for Sphere
Entertainment Co is $34.00 
This summary was machine generated from LSEG data February 5 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.80          -4.91          Missed
 Sep. 30 2023      -2.06          1.98           Beat
 Jun. 30 2023      -0.59          15.24          Beat
 Mar. 31 2023      -0.14          -1.64          Missed