Sphere Entertainment Co reports results for the quarter ended December 31 - Earnings Summary

• Sphere Entertainment Co SPHR.N reported a quarterly adjusted loss of $3.49​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-4.91. The mean expectation of six analysts for the quarter was for a loss of $2.43 per share. Wall Street expected results to range from $-3.42 to $-1.73 per share.

• Revenue fell 1.9% to $308.29 million from a year ago; analysts expected $288.93 million.

• Sphere Entertainment Co's reported EPS for the quarter was a loss of $3.49​.

• The company reported a quarterly loss of $125.95 million.

• Sphere Entertainment Co shares had risen by 8.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $45.00

This summary was machine generated from LSEG data March 3 at 03:48 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)