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SPHRSphere Entertainment Co.Sell5.1·$123.65

Sphere Entertainment (SPHR) Q3 2026 earnings — TrendMatrix coverage

BEAT · SMALLER LOSS+44.0% vs estimateEPS -$0.96 vs -$1.71 estCurrent verdict Sell 5.1/10

Reported

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy

Event detail · Q3 2026

Key numbers

Adjusted EPS
-$0.96
Estimate
-$1.71
Surprise
+44.0%
Revenue (period 2026-09-30)
$274.2M
Score today
5.1/10

Revenue source: xbrl.

Report record · Q3 2026

How the report landed

Sphere Entertainment (SPHR) reported a narrower loss than forecast — adjusted EPS of -$0.96 against the -$1.71 estimate (a 44.0% beat on a still-unprofitable quarter).

Around the report

Coverage in the report window

  • Sphere Entertainment Q3 EPS $(4.84) Misses $(1.64) Estimate, Sales $274.260M Beat $270.595M Estimate — benzinga, 2026-11-05
  • Sphere Entertainment Says It Revised Prior-Period Financials To Correct Immaterial Errors In MSG Networks Goodwill Impai — benzinga, 2026-11-05
Current read · as of 2026-11-06

Where TrendMatrix's rating stands now

TrendMatrix currently rates SPHR Sell at 5.1/10; no pre/post engine snapshot brackets this report.

4 of the last 4 quarters beat the estimate; this quarter's +44.0% surprise compares with a +283.1% four-quarter average.

What argues against it

  • Concentration risk — Customer: top four Distributors
  • Quality below floor (3.4 < 4.0)
  • Value-trap signals (2/5): Margin compression (op margin 3.4%), Material insider selling (13 sells, 0.28% of cap)

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current engine read

The levels TrendMatrix's engine tracks

Current price
$123.65
Price target
$136.26
Stop
$114.99
Upside to target
+10.2%
Reward-to-risk
0.7:1

Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.

Communication Services context

SPHR at TrendMatrix's latest read

Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.

Industry
Entertainment
Market cap
$4.03B
P/E (fwd)
-36.5
52-week range
$71.27–$181.63
Off 52-week high
31.9%
RSI (14)
70
Volume vs avg
0.46×
Score today
5.1/10

EPS and the estimate come from Yahoo Finance’s earnings calendar, captured around the report date. That EPS is the adjusted figure analysts forecast, so it can differ from the GAAP diluted EPS in the company’s filing, and consensus estimates vary between data providers. Revenue comes from SEC XBRL company facts where available, yfinance-provisional otherwise. Not a buy/sell rating, a price target, or investment advice — see the current verdict on the stock’s main page for TrendMatrix’s live read.

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