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

Sphere Entertainment

22/08/2023 14:32

* Sphere Entertainment Co  SPHR.N  reported quarterly
adjusted
earnings of $15.24​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was for a
loss of 59 cents per share.
    * Revenue fell 71.5% to $129.10 million from a year ago;
analysts
expected $129.22 million. 
    * Sphere Entertainment Co's reported EPS for the quarter was
$15.24​.
    * The mean earnings estimate of analysts had risen by
about 56% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sphere Entertainment Co shares had risen by 34.1% this
quarter and gained 77.0% so far this year.
    * The company reported quarterly net income of $536.8
million.
    * Wall Street's median 12-month price target for Sphere
Entertainment Co is $25.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 22 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.59          15.24          Beat
 Mar. 31 2023      -0.14          -1.64          Missed
 Dec. 31 2022      1.14           1.95           Beat
 Sep. 30 2022      -0.97          -1.30          Missed