Sphere Entertainment (SPHR) Projected to Announce Earnings on Thursday

Sphere Entertainment (NYSE:SPHR) will likely be posting its Q2 2026 resultson Thursday, July 30th. Analysts expect Sphere Entertainment to announce earnings of ($1.3950) per share and revenue of $308.0350 million for the quarter. Investors may review the information 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 posted its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.27. The company had revenue of $386.41 million during the quarter, compared to the consensus estimate of $313.41 million. Sphere Entertainment had a net margin of 8.05% and a negative return on equity of 5.07%. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm 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 Trading Up 2.1%

SPHR opened at $136.15 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.22 and a quick ratio of 1.22. Sphere Entertainment has a fifty-two week low of $37.89 and a fifty-two week high of $174.60. The firm has a market capitalization of $4.83 billion, a PE ratio of 76.49 and a beta of 1.61. The company’s 50-day moving average is $146.79 and its 200 day moving average is $125.33.

Analysts Set New Price Targets

SPHR has been the subject of a number of analyst reports. Susquehanna lifted their price target on Sphere Entertainment from $159.00 to $182.00 and gave the company a “positive” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on Sphere Entertainment from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $170.00 target price on shares of Sphere Entertainment in a report on Wednesday, May 6th. 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. Finally, BTIG Research reiterated a “buy” rating and set a $190.00 price target on shares of Sphere Entertainment in a report on Tuesday, May 19th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.08.

Institutional Investors Weigh In On Sphere Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPHR. Sherbrooke Park Advisers LLC bought a new stake in Sphere Entertainment during the third quarter worth $251,000. Sierra Capital LLC bought a new position in Sphere Entertainment in the 4th quarter valued at $248,000. Xponance LLC purchased a new stake in shares of Sphere Entertainment during the 4th quarter valued at $212,000. Kestra Advisory Services LLC purchased a new stake in shares of Sphere Entertainment during the 4th quarter valued at $195,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of 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 worth $171,000 after purchasing an additional 1,761 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

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.