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

• 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)