Sphere Entertainment (SPHR) Projected to Post Earnings on Thursday

Sphere Entertainment (NYSE:SPHR) is projected to announce its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect Sphere Entertainment to post earnings of ($1.4438) per share and revenue of $308.0350 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 30, 2026 at 10:00 AM ET.

Sphere Entertainment (NYSE:SPHR) last posted its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.27. Sphere Entertainment had a net margin of 8.05% and a negative return on equity of 5.07%. The firm had revenue of $386.41 million during the quarter, compared to analysts’ expectations of $313.41 million. During the same period in the previous year, the business posted ($2.27) EPS. The business’s revenue was up 37.7% compared to the same quarter last year. On average, analysts expect Sphere Entertainment to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sphere Entertainment Price Performance

Shares of SPHR stock traded down $2.45 during mid-day trading on Tuesday, hitting $137.50. 101,969 shares of the stock were exchanged, compared to its average volume of 762,010. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.33. Sphere Entertainment has a 52-week low of $37.89 and a 52-week high of $174.60. The firm has a fifty day moving average of $146.85 and a 200 day moving average of $125.89. The company has a market cap of $4.88 billion, a PE ratio of 77.04 and a beta of 1.61.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPHR. JPMorgan Chase & Co. boosted their price target on shares of Sphere Entertainment from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. New Street Research set a $188.00 price target on shares of Sphere Entertainment in a research report on Tuesday, July 14th. Citizens Jmp lifted their target price on Sphere Entertainment from $175.00 to $200.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 17th. Guggenheim boosted their price objective on Sphere Entertainment from $175.00 to $188.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Sphere Entertainment in a research report on Wednesday, June 17th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Institutional Investors Weigh In On Sphere Entertainment

Several hedge funds have recently made changes to their positions in the business. Sherbrooke Park Advisers LLC acquired a new stake in shares of Sphere Entertainment during the third quarter worth $251,000. Sierra Capital LLC acquired a new stake in shares of Sphere Entertainment during the 4th quarter valued at approximately $248,000. Xponance LLC purchased a new stake in Sphere Entertainment during the fourth quarter worth $212,000. Kestra Advisory Services LLC acquired a new stake in Sphere Entertainment in the 4th quarter valued at about $195,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Sphere Entertainment by 4,759.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,798 shares of the company’s stock valued at $171,000 after buying an additional 1,761 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Sphere Entertainment Company Profile

Sphere Entertainment Co (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.