Content production and distribution company Sphere Entertainment (NYSE: SPHR) will be reporting earnings this Monday before the bell. Here’s what to look for.
Sphere Entertainment missed analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $280.6 million, down 12.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ EPS estimates.
Is Sphere Entertainment a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sphere Entertainment’s revenue to grow 11.6% year on year to $305.1 million, slowing from the 148% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.42 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sphere Entertainment has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Sphere Entertainment’s peers in the leisure facilities segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 16.3%, beating analysts’ expectations by 3.4%, and Planet Fitness reported revenues up 13.3%, topping estimates by 2.5%. Live Nation’s stock price was unchanged after the resultswhile Planet Fitness was down 2.9%.
Read our full analysis of Live Nation’s results here and Planet Fitness’s results here.
Investors in the leisure facilities segment have had steady hands going into earnings, with share prices flat over the last month. Sphere Entertainment is down 1% during the same time and is heading into earnings with an average analyst price target of $53.40 (compared to the current share price of $42.50).
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