Sphere Entertainment Co reports results for the quarter ended June 30 - Earnings Summary

• Sphere Entertainment Co SPHR.N reported quarterly adjusted earnings of $3.38​​ per share for the quarter ended June 30. The mean expectation of seven analysts for the quarter was for a loss of $1.40 per share. Wall Street expected results to range from $-1.47 to $-1.33 per share.

• Revenue was $282.68 million​; analysts expected $280.94 million.

• Sphere Entertainment Co's reported EPS for the quarter was $3.39​.

• The company reported quarterly net income of $151.82 million.

• Sphere Entertainment Co shares had fallen by 3.6% this quarter and lost 0.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.5% in the last three months.​

• 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 7 "strong buy" or "buy," 2 "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 $50.00, about 19.4% above its last closing price of $40.29

This summary was machine generated from LSEG data August 11 at 01:31 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)