Sphere Entertainment (NYSE:SPHR) is preparing to release its quarterly earnings on Thursday, 2026-02-12. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Sphere Entertainment to report an earnings per share (EPS) of $-0.16.

Sphere Entertainment bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

In the previous earnings release, the company missed EPS by $1.02, leading to a 5.72% increase in the share price the following trading session.

Here's a look at Sphere Entertainment's past performance and the resulting price change:

Quarter	Q3 2025	Q2 2025	Q1 2025	Q2 2025
EPS Estimate	-1.78	-1.48	-2.14	-2.43
EPS Actual	-2.80	3.39	-2.27	-3.49
Price Change %	6.00	0.00	3.00	0.00

Performance of Sphere Entertainment Shares

Shares of Sphere Entertainment were trading at $97.47 as of February 10. Over the last 52-week period, shares are up 101.91%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Sphere Entertainment

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Sphere Entertainment.

With 7 analyst ratings, Sphere Entertainment has a consensus rating of Buy. The average one-year price target is $107.57, indicating a potential 10.36% upside.

Comparing Ratings with Competitors

In this comparison, we explore the analyst ratings and average 1-year price targets of Stubhub Holdings, Cinemark Holdings and Imax, three prominent industry players, offering insights into their relative performance expectations and market positioning.

• Analysts currently favor an Outperform trajectory for Stubhub Holdings, with an average 1-year price target of $19.62, suggesting a potential 79.87% downside.
• Analysts currently favor an Outperform trajectory for Cinemark Holdings, with an average 1-year price target of $31.0, suggesting a potential 68.2% downside.
• Analysts currently favor an Outperform trajectory for Imax, with an average 1-year price target of $43.44, suggesting a potential 55.43% downside.

Overview of Peer Analysis

Within the peer analysis summary, vital metrics for Stubhub Holdings, Cinemark Holdings and Imax are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

Company	Consensus	Revenue Growth	Gross Profit	Return on Equity
Sphere Entertainment	Buy	15.18%	$125.53M	-4.53%
Stubhub Holdings	Outperform	7.92%	$367.60M	-105.81%
Cinemark Holdings	Outperform	-6.98%	$546.40M	6.32%
Imax	Outperform	16.62%	$67.27M	6.17%

Key Takeaway:

Sphere Entertainment is positioned in the middle among its peers based on consensus ratings. It ranks at the bottom for revenue growth, with a negative percentage. In terms of gross profit, it is at the top among its peers. However, its return on equity is negative, placing it at the bottom compared to others in the analysis.

Get to Know Sphere Entertainment Better

Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.

A Deep Dive into Sphere Entertainment's Financials

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Over the 3 months period, Sphere Entertainment showcased positive performance, achieving a revenue growth rate of 15.18% as of 30 September, 2025. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -38.55%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Sphere Entertainment's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -4.53%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Sphere Entertainment's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.43%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.46, Sphere Entertainment adopts a prudent financial strategy, indicating a balanced approach to debt management.

To track all earnings releases for Sphere Entertainment visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.