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

• Sphere Entertainment Co SPHR.N reported a quarterly adjusted loss of $2.26​​ per share for the quarter ended March 31. The mean expectation of six analysts for the quarter was for a loss of $2.31 per share. Wall Street expected results to range from $-2.94 to $-1.57 per share.

• Revenue was $280.57 million​; analysts expected $276.00 million.

• Sphere Entertainment Co's reported EPS for the quarter was a loss of $2.27​.

• The company reported a quarterly loss of $81.95 million.

• Sphere Entertainment Co shares had fallen by 9.0% this quarter and lost 26.1% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $43.00

This summary was machine generated from LSEG data May 8 at 02:20 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)