## Sphere Entertainment (SPHR) Earnings Preview: What to Expect on November 12th
Get ready for another exciting earnings season! Sphere Entertainment (SPHR) is poised to release its latest quarterly earnings report on Tuesday, November 12th, 2024. As always, investors will be eagerly awaiting the announcement, particularly seeking signs of exceeding expectations and positive guidance for the upcoming quarter.
Analysts are predicting an earnings per share (EPS) of -$2.31. While this may seem discouraging, it’s crucial to remember that guidance is a key driver of stock price movements. Investors will be looking for any hints on how the company expects to perform in the coming months.
## Looking Back: Sphere Entertainment’s Recent Performance
In the previous earnings release, Sphere Entertainment pleasantly surprised investors by beating EPS estimates by $0.04. This positive news resulted in a 3.79% increase in the share price the following trading day. Let’s take a closer look at Sphere Entertainment’s past performance and the subsequent price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q4 2024 | -2.04 | -2 | 4.0% |
| Q3 2024 | -0.19 | -1.33 | -5.0% |
| Q2 2024 | -0.80 | -1.59 | -0.0% |
| Q1 2024 | N/A | 1.9 | 7.0% |
## A Positive Market Outlook?
As of November 8th, shares of Sphere Entertainment were trading at $43.81. Over the past year, the stock has seen a 21.42% increase, suggesting positive sentiment among long-term shareholders heading into this earnings release.
## Analyst Insights and Peer Comparisons
It’s essential for investors to stay informed about market sentiment and expectations within the industry. Here’s a breakdown of the latest insights on Sphere Entertainment:
*
Consensus Rating:
The consensus rating for Sphere Entertainment is Neutral, based on 7 analyst ratings.*
Average One-Year Price Target:
Analysts predict a potential 16.41% upside, with an average one-year price target of $51.0.To gain further perspective, we’ll compare Sphere Entertainment’s performance with three prominent industry players:
| Company | Consensus Rating | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Sphere Entertainment | Neutral | 111.77% | $123.88M | -1.92% |
| [Company 1] | [Rating] | [Growth Rate] | [Amount] | [Rate] |
| [Company 2] | [Rating] | [Growth Rate] | [Amount] | [Rate] |
| [Company 3] | [Rating] | [Growth Rate] | [Amount] | [Rate] |
Key Takeaways:
* Sphere Entertainment falls in the middle ground for consensus rating among its peers.
* The company boasts impressive revenue growth, indicating strong performance in this area.
* However, Sphere Entertainment lags behind in gross profit and return on equity, placing it towards the bottom compared to its peers.
## A Deeper Dive into Sphere Entertainment
Sphere Entertainment Co is a leading live entertainment and media company known for creating, writing, casting, producing, and touring shows and events. The company operates two reportable segments:
*
Sphere:
A cutting-edge entertainment platform.*
MSG Networks:
Operates two regional sports and entertainment networks, along with a direct-to-consumer (DTC) and authenticated streaming product.## Financial Performance Snapshot
Let’s examine some key financial indicators of Sphere Entertainment:
*
Market Capitalization:
Sphere Entertainment’s market capitalization is smaller than industry averages, potentially influenced by factors like growth expectations or operational capacity.*
Revenue Growth:
Sphere Entertainment boasts a remarkable revenue growth rate of approximately 111.77% as of June 30th, 2024. This signifies a substantial increase in the company’s top-line earnings, surpassing the average growth rate in the Communication Services sector.*
Net Margin:
Sphere Entertainment’s net margin falls behind industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -17.04%, the company may face difficulties in effectively managing costs.*
Return on Equity (ROE):
Sphere Entertainment’s ROE is below industry averages, suggesting difficulties in efficiently utilizing equity capital. The ROE of -1.92% indicates challenges in generating optimal returns for shareholders.*
Return on Assets (ROA):
Sphere Entertainment’s ROA lags behind industry averages, indicating challenges in maximizing returns from its assets. With an ROA of -0.96%, the company may face obstacles in achieving optimal financial performance.*
Debt Management:
Sphere Entertainment demonstrates a sound financial structure with a debt-to-equity ratio of 0.63, below industry norms.## Stay Informed
To stay updated on all earnings releases for Sphere Entertainment, visit their earnings calendar on our site.
