Seaport Res Ptn Has Negative Forecast for SPHR Q2 Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn decreased their Q2 2025 earnings per share (EPS) estimates for Sphere Entertainment in a report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will earn ($1.75) per share for the quarter, down from their prior forecast 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 released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.32) by $0.37. Sphere Entertainment had a negative net margin of 32.76% and a negative return on equity of 16.26%. The firm had revenue of $227.90 million for the quarter, compared to analyst estimates of $229.86 million. During the same quarter in the prior year, the business earned $1.90 earnings per share. The business’s quarterly revenue was up 93.1% compared to the same quarter last year.

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

Sphere Entertainment Trading Down 3.2 %

NYSE SPHR opened at $40.39 on Friday. The stock has a 50-day simple moving average of $43.54 and a two-hundred day simple moving average of $41.39. 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 fifty-two week low of $27.02 and a fifty-two week high of $51.83.

Institutional Investors Weigh In On Sphere Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in shares of Sphere Entertainment during the 2nd quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in shares of Sphere Entertainment in the 2nd quarter valued at approximately $54,000. 1832 Asset Management L.P. acquired a new position in shares of Sphere Entertainment in the 1st quarter worth approximately $85,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Sphere Entertainment by 46.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,560 shares of the company’s stock worth $111,000 after purchasing an additional 810 shares during the period. Finally, Quent Capital LLC increased its holdings in Sphere Entertainment by 51.8% in the 2nd quarter. Quent Capital LLC now owns 4,034 shares of the company’s stock valued at $141,000 after purchasing an additional 1,376 shares during the last quarter. Hedge funds and other 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.