Analysts Set Expectations for SPHR Q1 Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Equities researchers at Seaport Res Ptn issued their Q1 2026 earnings per share (EPS) estimates for shares of Sphere Entertainment in a note issued to investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce forecasts that the company will post earnings of ($2.69) per share for the quarter. The consensus estimate for Sphere Entertainment’s current full-year earnings is ($9.60) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2026 earnings at ($1.11) EPS.

Sphere Entertainment (NYSE:SPHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.32) by $0.37. Sphere Entertainment had a negative return on equity of 16.26% and a negative net margin of 32.76%. The business had revenue of $227.90 million for the quarter, compared to analyst estimates of $229.86 million. During the same quarter in the prior year, the company earned $1.90 earnings per share. The company’s revenue was up 93.1% on a year-over-year basis.

Several other analysts have also recently weighed in on SPHR. Benchmark reaffirmed a “sell” rating and issued a $40.00 target price on shares of Sphere Entertainment in a report on Tuesday, September 3rd. Bank of America lowered their target price on shares of Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, September 17th. Wolfe Research upgraded Sphere Entertainment from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Wednesday, October 2nd. Macquarie dropped their price objective on Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Sphere Entertainment from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $37.00 to $57.00 in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.43.

Sphere Entertainment Price Performance

SPHR stock opened at $39.99 on Thursday. The business’s 50-day moving average is $43.47 and its two-hundred day moving average is $41.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $1.41 billion, a P/E ratio of -3.87 and a beta of 1.41. Sphere Entertainment has a 1 year low of $27.02 and a 1 year high of $51.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in Sphere Entertainment by 1.6% during the 3rd quarter. State Street Corp now owns 632,067 shares of the company’s stock worth $27,925,000 after acquiring an additional 9,749 shares during the period. Systematic Financial Management LP raised its holdings in Sphere Entertainment by 3.0% during the third quarter. Systematic Financial Management LP now owns 371,164 shares of the company’s stock worth $16,398,000 after purchasing an additional 10,862 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Sphere Entertainment in the third quarter valued at about $438,000. Clearline Capital LP acquired a new stake in Sphere Entertainment in the third quarter valued at about $5,607,000. Finally, Verition Fund Management LLC boosted its holdings in Sphere Entertainment by 235.4% in the 3rd quarter. Verition Fund Management LLC now owns 109,184 shares of the company’s stock valued at $4,824,000 after purchasing an additional 76,635 shares in the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Sphere Entertainment Company Profile

Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.