Latest news with #SPHR
Yahoo
5 days ago
- Business
- Yahoo
Sphere Entertainment: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Monday reported second-quarter profit of $151.8 million. On a per-share basis, the New York-based company said it had net income of $3.39. Losses, adjusted to extinguish debt, came to $2.71 per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.57 per share. The company posted revenue of $282.7 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $281.2 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SPHR at
Yahoo
7 days ago
- Business
- Yahoo
What To Expect From Sphere Entertainment's (SPHR) Q2 Earnings
Content production and distribution company Sphere Entertainment (NYSE:SPHR) will be reporting earnings this Monday before the bell. Here's what to look for. Sphere Entertainment missed analysts' revenue expectations by 5.6% last quarter, reporting revenues of $280.6 million, down 12.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and a solid beat of analysts' EPS estimates. Is Sphere Entertainment a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Sphere Entertainment's revenue to grow 11.6% year on year to $305.1 million, slowing from the 148% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.42 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sphere Entertainment has missed Wall Street's revenue estimates four times over the last two years. Looking at Sphere Entertainment's peers in the leisure facilities segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 16.3%, beating analysts' expectations by 3.4%, and Planet Fitness reported revenues up 13.3%, topping estimates by 2.5%. Live Nation's stock price was unchanged after the resultswhile Planet Fitness was down 2.9%. Read our full analysis of Live Nation's results here and Planet Fitness's results here. Investors in the leisure facilities segment have had steady hands going into earnings, with share prices flat over the last month. Sphere Entertainment is down 1% during the same time and is heading into earnings with an average analyst price target of $53.40 (compared to the current share price of $42.50). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
03-06-2025
- Business
- Yahoo
1 Stock Under $50 with Exciting Potential and 2 to Question
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead. They also usually carry less risk than penny stocks, though they're not immune to volatility as many lack the scale advantages of their larger peers. These dynamics can cause headaches for even the most seasoned professionals, which is why we started StockStory - to help you separate the good companies from the bad. Keeping that in mind, here is one stock under $50 with huge potential and two best left ignored. Share Price: $34.14 Best known for its Atkins brand that was inspired by the popular diet of the same name, Simply Good Foods (NASDAQ:SMPL) is a packaged food company whose offerings help customers achieve their healthy eating or weight loss goals. Why Are We Wary of SMPL? Modest revenue base of $1.41 billion gives it less fixed cost leverage and fewer distribution channels than larger companies Free cash flow margin shrank by 3.1 percentage points over the last year, suggesting the company is consuming more capital to stay competitive ROIC of 8% reflects management's challenges in identifying attractive investment opportunities Simply Good Foods is trading at $34.14 per share, or 17.1x forward P/E. To fully understand why you should be careful with SMPL, check out our full research report (it's free). Share Price: $37.86 Famous for its viral Las Vegas Sphere venue, Sphere Entertainment (NYSE:SPHR) hosts live entertainment events and distributes content across various media platforms. Why Do We Steer Clear of SPHR? Muted 2.4% annual revenue growth over the last five years shows its demand lagged behind its consumer discretionary peers Negative free cash flow raises questions about the return timeline for its investments Depletion of cash reserves could lead to a fundraising event that triggers shareholder dilution At $37.86 per share, Sphere Entertainment trades at 7.5x forward EV-to-EBITDA. If you're considering SPHR for your portfolio, see our FREE research report to learn more. Share Price: $13.58 When Oren Netzer saw a digital ad for US-based Target while sitting in his Tel Aviv apartment, he knew there was an unsolved problem, so he started DoubleVerify (NYSE:DV), a provider of advertising solutions to businesses that helps with ad verification, fraud prevention, and brand safety. Why Do We Like DV? Software is difficult to replicate at scale and leads to a premier gross margin of 82.3% User-friendly software enables clients to ramp up spending quickly, leading to the speedy recovery of customer acquisition costs Excellent operating margin of 12.1% highlights the efficiency of its business model DoubleVerify's stock price of $13.58 implies a valuation ratio of 3.1x forward price-to-sales. Is now a good time to buy? See for yourself in our in-depth research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
16-05-2025
- Politics
- Yahoo
1 year on, McMaster says it's completed nearly all commitments made after pro-Palestinian encampment
Around $200,000 is now available for Palestinian scholars and students at McMaster University — one of the nine commitments the university made last year following a month-long Palestinian solidarity encampment set up on campus. The funding is earmarked for Palestinians but falls under the university's larger Students At Risk Bursary. Scholars can "submit an expression of interest form anytime," said McMaster spokesperson Wade Hemsworth, but incoming undergraduate students have to apply for the September 2025 intake period by Friday. The scholarship comes nearly a year after McMaster made a series of commitments — on May 24, 2024 — in order to help end a month-long protest on campus, where some students, faculty and community members said the university wasn't doing enough to support Palestinians on campus and overseas, as violence in Gaza continued. Led by McMaster University students, some 75 demonstrators, including students and some faculty members, set up roughly two dozen tents on May 5 on campus. The tents came down weeks later as McMaster made nine commitments, and the university said this week it has now completed nearly all of its commitments. Meanwhile, some participants in the protest say the university has not done enough. The McMaster encampment protests were among similar demonstrations at post-secondary schools in Canada and the U.S. last year, prompted by Israeli military actions in Gaza. By then, more than 34,735 Palestinians had been killed since October 2023, according to health officials in Gaza. Around 1,200 people, mostly Israelis, were also killed in Oct. 7 attacks by Hamas, according to Israeli tallies. Since then, another 18,000 or so Palestinians have been killed by Israel's ground and air invasion of Gaza, according to its health ministry. The protest last May, led by student groups McMaster Apartheid Divest Coalition and Solidarity for Palestinian Human Rights (SPHR), had four demands for the university: disclose its investment in weapons companies and defence contractors, divest from companies with ties to Israel, boycott targets specified by the Boycott, Divest and Sanction movement (BDS), and declare that Israel's bombardment of Gaza is "genocide." Some faculty members also supported the encampment, with some speaking on site and others signing open letters of support. In late May, 2024, after a "series of meaningful discussions," according to the university, the on-campus encampment ended. McMaster committed to: Building a plan to include human rights in its international agreement. A meeting, which SPHR and supporting faculty members were to attend, with McMaster's Chief Financial Officer to discuss the university's investment strategy. Disclosing an annual report of all direct investments. Implementing an open process that allows McMaster community members to inquire about their investments. Making $200,000 available from McMaster's Scholars-at-Risk Program and Students-at-Risk Bursary to support qualifying Palestinian students. Extend the contract of their current Palestinian psychotherapist and hire a male Muslim Palestinian psychotherapist. Publishing a series of stories about students "impacted by conflicts and crises around the world," on the university's Daily News site during the 2024/2025 academic year. The university has made progress in its commitments, it says, and Hemsworth said after publishing a series of stories on McMaster's Daily News site, all commitments will have been completed. "The series is scheduled to be published soon," he said in an email earlier this week. Leah McMillan, an undergraduate representative to the university's Board of Governors, refuted the idea that commitments will all be met, and said, for example, McMaster has yet to hire a male Muslim Palestinian psychotherapist, who was wanted for religious reasons. Hemsworth said "best efforts were made" to hire a counsellor with that criteria, but two female Palestinian counsellors are available through their Student Wellness Centre as well as "two recently hired male Muslim counsellors." McMillan also said the actions aren't enough, especially when it comes to divesting from Israeli companies. Last fall, McMaster published a report that listed "all direct investments" up until June 2024, as part of its "commitment to transparency." It then spent four months of consultation on a new set of Principles of Responsible Investment, it said, and received "about 2,600 submissions" on the matter. The principles were approved on April 24. "They do not support divestment but instead prioritize the fiduciary responsibilities of the Board and support the long-term health of our institution," the university said in a statement when approving the new principles. McMillan said the approval came with almost no changes, despite having over 1,400 people, including staff, students and faculty demand divestment from weapons companies and from Israel. The principles' purpose is "not to encourage or advocate for an institutional position on social or geopolitical issues," McMaster President David Farrar said in the statement in April. But McMillan argues that investing in weapons companies "that are enabling the ongoing genocide of the Palestinian people" is not politically neutral. "If you are neutral, you are taking the side of the oppressor," they said. McMillan said they tried to propose a separate motion to divest specifically from weapons manufacturers, but it was rejected both from being put on the meeting agenda and later by the university's Investment Pool Committee. McMillan said they continue to be disappointed the university does not use the word "genocide" when describing actions in Gaza. "Again, McMaster has not done that," they said. SPHR was suspended in December, according to Hemsworth, "following a disruption at the December meeting of McMaster's Board of Governors." "The agreement signed last spring to end the encampment included a commitment not to disrupt university business," he said. McMillan said the investigation has prevented the club from "doing anything as an organization," since then, which has also placed members of the club in a situation where they're afraid to speak out for fear of SPHR facing more scrutiny. Hemsworth said the university's policy on student groups is "consistently applied in all cases." McMillan said they were speaking out in part this week because SPHR feels like it can't make public statements, they said. McMillan said "seeing violence [in Gaza] escalate every day" has been difficult. They look back on the time a year ago, and the "energy of community and solidarity" that existed in the encampment, and hope that McMaster will do more. "[In class] we talk about decolonization, we talk about genocide studies ... We talk about war crimes and human rights and sustainable development goals," they said. "All of that seems to ring hollow for a lot of students when confronted with McMaster's own complicity in the ongoing genocide."
Yahoo
08-05-2025
- Business
- Yahoo
Sphere Entertainment (SPHR) Reports Q1 Loss, Tops Revenue Estimates
Sphere Entertainment (SPHR) came out with a quarterly loss of $2.27 per share versus the Zacks Consensus Estimate of a loss of $2.48. This compares to loss of $1.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this company would post a loss of $2.15 per share when it actually produced a loss of $3.49, delivering a surprise of -62.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Sphere Entertainment , which belongs to the Zacks Media Conglomerates industry, posted revenues of $280.57 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $321.33 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Sphere Entertainment shares have lost about 26.1% since the beginning of the year versus the S&P 500's decline of -4.3%. While Sphere Entertainment has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Sphere Entertainment: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.99 on $282.18 million in revenues for the coming quarter and -$5.40 on $1.19 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Media Conglomerates is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Atlanta Braves Holdings, Inc. (BATRA), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 12. This company is expected to post quarterly loss of $0.94 per share in its upcoming report, which represents a year-over-year change of -13.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Atlanta Braves Holdings, Inc.'s revenues are expected to be $35.2 million, down 5.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sphere Entertainment Co. (SPHR) : Free Stock Analysis Report Atlanta Braves Holdings, Inc. (BATRA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
