Sphere Entertainment (SPHR) Set to Announce Earnings on Tuesday

Key Points

• Sphere Entertainment is expected to report Q3 2026 results before markets open Tuesday, November 3. Analysts forecast a loss of $1.59 per share on revenue of approximately $273.21 million.
• In its previous quarter, the company posted a narrower-than-expected loss of $1.07 per share and revenue of $313.64 million, up 10.9% year over year, though it continues to report negative margins and return on equity.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $162.27, but several firms recently lowered their targets. SPHR opened at $110.21, well below its $134.25 50-day moving average.

Sphere Entertainment (NYSE:SPHR - Get Free Report) is expected to post its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect the company to post earnings of ($1.59) per share and revenue of $273.21 million for the quarter. Interested persons may visit the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 10:00 AM ET.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported ($1.07) earnings per share for the quarter, topping analysts' consensus estimates of ($1.51) by $0.44. The company had revenue of $313.64 million during the quarter, compared to analysts' expectations of $307.44 million. Sphere Entertainment had a negative return on equity of 1.38% and a negative net margin of 6.19%. Sphere Entertainment's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.39 EPS. On average, analysts expect Sphere Entertainment to post ($2.54) EPS for the current fiscal year and ($2.37) EPS for the next fiscal year.

Sphere Entertainment Stock Performance

Shares of SPHR stock opened at $110.21 on Tuesday. The company has a market capitalization of $3.96 billion, a P/E ratio of -41.12 and a beta of 1.61. The business's 50 day moving average is $134.25 and its two-hundred day moving average is $129.62. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.32. Sphere Entertainment has a 12-month low of $64.00 and a 12-month high of $181.63.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPHR. Piper Sandler reaffirmed an "overweight" rating and set a $145.00 target price (down from $185.00) on shares of Sphere Entertainment in a research note on Friday. Wall Street Zen cut shares of Sphere Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday. New Street Research set a $188.00 price target on shares of Sphere Entertainment in a report on Tuesday, July 14th. Susquehanna reduced their price objective on shares of Sphere Entertainment from $182.00 to $158.00 and set a "positive" rating for the company in a research report on Wednesday, October 21st. Finally, Guggenheim reduced their price objective on shares of Sphere Entertainment from $208.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Sphere Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $162.27.

Sphere Entertainment Company Profile

Sphere Entertainment Co is an entertainment and media company focused on immersive live experiences and sports and entertainment programming. Its principal asset is Sphere, a next-generation venue in Las Vegas featuring a large exterior LED display, a high-resolution interior screen, advanced audio technology and immersive production capabilities.

Sphere presents concerts, residencies, films and other experiences, while its Sphere Studios business develops original content and technology for the venue and other immersive applications.

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