Q3 EPS Forecast for Sphere Entertainment Lifted by Analyst

Key Points

• Analysts at Seaport Res Ptn raised their Q3 2025 earnings per share forecast for Sphere Entertainment from ($1.35) to ($1.26).
• Sphere Entertainment reported earnings of $3.39 per share in its latest quarter, significantly surpassing analysts' expectations of ($1.57).
• Five analysts rated Sphere Entertainment as a Buy, while the average rating remains a Hold with a consensus price target of approximately $55.13.

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Analysts at Seaport Res Ptn increased their Q3 2025 earnings per share estimates for shares of Sphere Entertainment in a note issued to investors on Thursday, October 16th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.26) per share for the quarter, up from their prior forecast of ($1.35). The consensus estimate for Sphere Entertainment's current full-year earnings is ($11.47) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment's Q4 2025 earnings at ($0.82) EPS, FY2025 earnings at ($7.05) EPS, Q1 2026 earnings at ($0.86) EPS, Q2 2026 earnings at ($0.67) EPS, Q3 2026 earnings at ($1.09) EPS, Q4 2026 earnings at ($0.96) EPS and FY2026 earnings at ($3.57) EPS.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $3.39 earnings per share for the quarter, topping analysts' consensus estimates of ($1.57) by $4.96. The business had revenue of $282.68 million for the quarter, compared to analyst estimates of $280.23 million. Sphere Entertainment had a negative return on equity of 19.27% and a negative net margin of 14.68%.The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.00) EPS.

Several other analysts have also issued reports on SPHR. The Goldman Sachs Group upped their target price on Sphere Entertainment from $50.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Craig Hallum began coverage on shares of Sphere Entertainment in a research note on Monday, June 23rd. They issued a "buy" rating and a $75.00 price objective for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sphere Entertainment in a report on Wednesday, October 8th. Wall Street Zen raised shares of Sphere Entertainment from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, BTIG Research assumed coverage on shares of Sphere Entertainment in a research report on Monday, October 6th. They set a "neutral" rating for the company. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Sphere Entertainment presently has an average rating of "Hold" and a consensus price target of $55.13.

Sphere Entertainment Price Performance

Shares of Sphere Entertainment stock opened at $58.65 on Monday. The firm has a market capitalization of $2.10 billion, a PE ratio of -11.03 and a beta of 1.79. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. Sphere Entertainment has a 12 month low of $23.89 and a 12 month high of $68.00. The business's 50-day moving average price is $53.00 and its 200-day moving average price is $42.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPHR. Ariel Investments LLC grew its position in shares of Sphere Entertainment by 12.7% in the 2nd quarter. Ariel Investments LLC now owns 7,100,237 shares of the company's stock worth $296,790,000 after buying an additional 802,098 shares during the last quarter. Holocene Advisors LP lifted its stake in Sphere Entertainment by 23.2% in the second quarter. Holocene Advisors LP now owns 760,160 shares of the company's stock worth $31,775,000 after acquiring an additional 142,997 shares during the period. Geode Capital Management LLC boosted its holdings in Sphere Entertainment by 1.5% in the second quarter. Geode Capital Management LLC now owns 650,037 shares of the company's stock valued at $27,175,000 after acquiring an additional 9,746 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Sphere Entertainment by 132.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company's stock valued at $20,577,000 after purchasing an additional 357,794 shares during the period. Finally, Gabelli Funds LLC lifted its position in shares of Sphere Entertainment by 1.7% in the 2nd quarter. Gabelli Funds LLC now owns 563,139 shares of the company's stock worth $23,539,000 after purchasing an additional 9,500 shares during the period. Institutional investors own 92.03% of the company's stock.

About Sphere Entertainment

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.

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