Sphere Entertainment (SPHR) Projected to Release Quarterly Earnings on Thursday

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

Sphere Entertainment (NYSE:SPHR) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.27. The firm had revenue of $386.41 million during the quarter, compared to analysts’ expectations of $313.41 million. Sphere Entertainment had a negative return on equity of 5.07% and a net margin of 8.05%.Sphere Entertainment’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.27) earnings per share. 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 traded down $6.01 during trading hours on Wednesday, reaching $135.29. The company had a trading volume of 102,184 shares, compared to its average volume of 762,008. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 75.82 and a beta of 1.61. Sphere Entertainment has a 12-month low of $37.89 and a 12-month high of $174.60. The firm has a 50 day simple moving average of $146.97 and a 200-day simple moving average of $126.24. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of Sphere Entertainment in a research report on Wednesday, June 17th. Seaport Research Partners reaffirmed a “buy” rating and issued a $173.00 price target on shares of Sphere Entertainment in a report on Wednesday, June 17th. The Goldman Sachs Group lifted their price objective on Sphere Entertainment from $150.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. New Street Research set a $188.00 target price on Sphere Entertainment in a report on Tuesday, July 14th. Finally, Weiss Ratings raised Sphere Entertainment from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.08.

Institutional Trading of Sphere Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of SPHR. Sherbrooke Park Advisers LLC acquired a new stake in shares of Sphere Entertainment during the third quarter worth $251,000. Sierra Capital LLC purchased a new stake in shares of Sphere Entertainment in the fourth quarter valued at $248,000. Xponance LLC acquired a new position in Sphere Entertainment in the fourth quarter valued at $212,000. Kestra Advisory Services LLC acquired a new position in Sphere Entertainment in the fourth quarter valued at $195,000. Finally, CIBC Private Wealth Group LLC lifted its position in Sphere Entertainment by 4,759.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,798 shares of the company’s stock worth $171,000 after buying an additional 1,761 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.

About Sphere Entertainment

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.