Sphere Entertainment (SPHR) to Release Earnings on Thursday

Key Points

• Sphere Entertainment will report Q1 2026 results before the market opens on Thursday, May 7, 2026; analysts expect EPS of ($0.44) and revenue of $367.43 million, and the company's conference call is scheduled for 10:00 AM ET.
• In the prior quarter (Feb. 12) Sphere posted $1.23 EPS and $394.28 million in revenue (up 27.9% YoY), but analysts still model roughly -$3 EPS for the current fiscal year and -$2 EPS for next year.
• The stock opened at $138.81 near its 52‑week high, has a $4.93 billion market cap with 92% institutional ownership, and carries a consensus "Moderate Buy" analyst rating with a $120.83 average price target after recent upward revisions.

Sphere Entertainment (NYSE:SPHR - Get Free Report) is expected to announce its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect Sphere Entertainment to post earnings of ($0.44) per share and revenue of $367.4280 million for the quarter. Individuals can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Thursday, May 7, 2026 at 10:00 AM ET.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of ($0.12) by $1.35. Sphere Entertainment had a negative return on equity of 8.84% and a net margin of 2.16%.The firm had revenue of $394.28 million during the quarter, compared to analyst estimates of $377.60 million. During the same period in the previous year, the company posted ($3.49) EPS. The business's revenue for the quarter was up 27.9% compared to the same quarter last year. On average, analysts expect Sphere Entertainment to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sphere Entertainment Stock Up 4.4%

NYSE:SPHR opened at $138.81 on Thursday. Sphere Entertainment has a fifty-two week low of $26.54 and a fifty-two week high of $139.55. The stock has a market capitalization of $4.93 billion, a P/E ratio of -308.47 and a beta of 1.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50-day simple moving average is $119.86 and its 200-day simple moving average is $97.73.

Hedge Funds Weigh In On Sphere Entertainment

A number of hedge funds have recently bought and sold shares of the business. Steadfast Capital Management LP boosted its position in Sphere Entertainment by 0.9% during the third quarter. Steadfast Capital Management LP now owns 1,256,497 shares of the company's stock worth $78,054,000 after purchasing an additional 10,720 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Sphere Entertainment by 23.2% during the second quarter. Holocene Advisors LP now owns 760,160 shares of the company's stock valued at $31,775,000 after acquiring an additional 142,997 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Sphere Entertainment by 132.0% during the first quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company's stock valued at $20,577,000 after acquiring an additional 357,794 shares during the last quarter. Mane Global Capital Management LP acquired a new position in shares of Sphere Entertainment during the third quarter valued at approximately $22,143,000. Finally, Woodline Partners LP acquired a new position in shares of Sphere Entertainment during the third quarter valued at approximately $20,503,000. Hedge funds and other institutional investors own 92.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SPHR shares. BTIG Research increased their price target on Sphere Entertainment from $110.00 to $127.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Morgan Stanley reiterated an "overweight" rating and issued a $135.00 price target on shares of Sphere Entertainment in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their price target on Sphere Entertainment from $91.00 to $110.00 and gave the company an "overweight" rating in a research note on Thursday, January 15th. Citizens Jmp initiated coverage on Sphere Entertainment in a report on Monday, March 30th. They issued an "outperform" rating and a $150.00 price objective on the stock. Finally, Guggenheim increased their price objective on Sphere Entertainment from $150.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, April 2nd. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Sphere Entertainment presently has an average rating of "Moderate Buy" and a consensus price target of $120.83.

Sphere Entertainment Company Profile

Sphere Entertainment Co NYSE: SPHR is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.

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