Sphere Entertainment Co reports results for the quarter ended September 30 - Earnings Summary

Sphere Entertainment

12/11/2024 15:29

* Sphere Entertainment Co  SPHR.N  reported a quarterly
adjusted
loss of $2.95​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $1.98.  The mean expectation of six analysts for the
quarter was for a loss of $2.76 per share. Wall Street expected
results to range from $-4.52 to $-1.21 per share.
    * Revenue rose 93.1% to $227.91 million from a year ago;
analysts
expected $247.51 million. 
    * Sphere Entertainment Co's reported EPS for the quarter was
a
loss of $2.95​.
    * The company reported a quarterly loss of $105.28 million.
    * Sphere Entertainment Co shares had fallen by 0.3% this
quarter and gained 29.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the entertainment
production peer group is also "buy"

Wall Street's median 12-month price target for Sphere
Entertainment Co is $47.00 
This summary was machine generated from LSEG data November 12 at
03:28 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
 Sep. 30 2024      -2.76          -2.95          Missed
 Jun. 30 2024      -2.04          -1.31          Beat
 Mar. 31 2024      -0.19          -1.33          Missed
 Dec. 31 2023      -0.60          -4.91          Missed