Seaport Res Ptn Has Negative Forecast for SPHR Q2 Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Stock analysts at Seaport Res Ptn decreased their Q2 2025 earnings estimates for shares of Sphere Entertainment in a research report issued to clients and investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.75) per share for the quarter, down from their prior estimate of ($1.16). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($9.60) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q3 2025 earnings at ($2.03) EPS and Q4 2025 earnings at ($1.40) EPS.

Sphere Entertainment (NYSE:SPHR) last posted its earnings results on Tuesday, November 12th. The company reported ($2.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.32) by $0.37. Sphere Entertainment had a negative return on equity of 16.26% and a negative net margin of 32.76%. The company had revenue of $227.90 million for the quarter, compared to the consensus estimate of $229.86 million. During the same quarter in the prior year, the company earned $1.90 earnings per share. Sphere Entertainment’s revenue was up 93.1% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Guggenheim upped their price objective on Sphere Entertainment from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Benchmark reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Sphere Entertainment in a research note on Tuesday, September 3rd. Bank of America cut their price objective on Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, September 17th. Macquarie decreased their target price on shares of Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Sphere Entertainment from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $57.00 in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.43.

Sphere Entertainment Stock Performance

Shares of NYSE SPHR opened at $40.00 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. Sphere Entertainment has a 12-month low of $27.02 and a 12-month high of $51.83. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -3.81 and a beta of 1.41. The firm has a 50 day moving average of $43.40 and a 200 day moving average of $41.38.

Hedge Funds Weigh In On Sphere Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of SPHR. Swiss National Bank lifted its stake in Sphere Entertainment by 1.6% in the 1st quarter. Swiss National Bank now owns 50,159 shares of the company’s stock worth $2,462,000 after purchasing an additional 800 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Sphere Entertainment in the first quarter worth about $203,000. Vanguard Group Inc. lifted its position in shares of Sphere Entertainment by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,807,395 shares of the company’s stock worth $137,787,000 after buying an additional 17,613 shares in the last quarter. MADDEN SECURITIES Corp bought a new position in Sphere Entertainment during the third quarter valued at approximately $1,237,000. Finally, Evergreen Capital Management LLC purchased a new position in Sphere Entertainment during the 2nd quarter valued at approximately $1,397,000. Institutional investors own 92.03% of the company’s stock.

About Sphere Entertainment

Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.