Sphere Entertainment CoNYSE: SPHR

Sphere Entertainment (NYSE: SPHR ) stock investors are excited on Wednesday after billionaire Steve Cohen took a large stake in the live entertainment event company's shares. Steve Cohen's Point72 Asset Management, L.P.

Sphere Entertainment (SPHR) has the perfect mix of elements to potentially exceed earnings expectations in its upcoming report. Be ready with the important predictions.

Sphere Entertainment Co. was downgraded from buy to neutral by Seaport Research Partners Monday, pointing to a “potentially softer” next couple of quarters for the Las Vegas entertainment venue.

On February 5, 2024, Sphere Entertainment Co. (NYSE: SPHR, $39.31, Market Capitalization: $1.4 billion), a premier live entertainment and media company, reported strong 2Q24 results, with a beat on revenues and EPS miss vs. consensus.

Sphere Entertainment Co. (SPHR) Q2 2024 Earnings Call Transcript

Sphere Entertainment (SPHR) came out with a quarterly loss of $4.91 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to earnings of $2.25 per share a year ago.

CNBC's Jim Cramer said the Sphere is interesting, but he is not recommending it for investors' portfolio.

The success of U2's residency at the Sphere in Las Vegas and Sphere Entertainment Co.'s announcement of a $225 million convertible note this week spell opportunity for investors, analysts say.

#lasvegas #lasvegassphere #earnings #yahoofinance Sphere Entertainment (SPHR), the owner of the Las Vegas Sphere, is expected to post positive adjusted income in its first public quarter since the venue opened. After just two months, the high-tech arena has already generated over $75 million.