Sphere Entertainment (NYSE:MSGE) Issues Quarterly Earnings Results, Misses Estimates By $1.05 EPS

Sphere Entertainment (NYSE:MSGE) posted its quarterly earnings results on Thursday. The company reported $1.56 EPS for the quarter, missing the consensus estimate of $2.61 by ($1.05), Zacks reports. Sphere Entertainment had a net margin of 18.38% and a negative return on equity of 261.70%.

Sphere Entertainment Trading Down 0.4 %

Shares of NYSE MSGE opened at $35.74 on Friday. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.31 and a beta of 0.05. Sphere Entertainment has a one year low of $32.40 and a one year high of $44.14. The business has a fifty day simple moving average of $35.42 and a 200 day simple moving average of $38.49.

Sphere Entertainment Company Profile

Sphere Entertainment Co is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming.