Sphere Entertainment Co Stock Revenue
| SPHR Stock | 41.04 1.03 2.45% |
Sphere Entertainment Co fundamentals help investors to digest information that contributes to Sphere Entertainment's financial success or failures. It also enables traders to predict the movement of Sphere Stock. The fundamental analysis module provides a way to measure Sphere Entertainment's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sphere Entertainment stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 1 B | 725.2 M |
Sphere | Revenue |
Sphere Entertainment Co Company Revenue Analysis
Sphere Entertainment's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Sphere Entertainment Revenue | 1.03 B |
Most of Sphere Entertainment's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sphere Entertainment Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Historical and Projected quarterly revenue of Sphere
Projected quarterly revenue analysis of Sphere Entertainment provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Sphere Entertainment match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Sphere Entertainment's stock price.
Sphere Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Sphere Entertainment is extremely important. It helps to project a fair market value of Sphere Stock properly, considering its historical fundamentals such as Revenue. Since Sphere Entertainment's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sphere Entertainment's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sphere Entertainment's interrelated accounts and indicators.
| 0.58 | 0.67 | -0.82 | 0.66 | 0.81 | ||
| 0.58 | 0.93 | -0.7 | 0.93 | 0.62 | ||
| 0.67 | 0.93 | -0.77 | 0.93 | 0.53 | ||
| -0.82 | -0.7 | -0.77 | -0.74 | -0.6 | ||
| 0.66 | 0.93 | 0.93 | -0.74 | 0.63 | ||
| 0.81 | 0.62 | 0.53 | -0.6 | 0.63 |
Click cells to compare fundamentals
Sphere Revenue Historical Pattern
Today, most investors in Sphere Entertainment Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Sphere Entertainment's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Sphere Entertainment revenue as a starting point in their analysis.
Sphere Entertainment Revenue |
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Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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Sphere Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Sphere Entertainment Co reported 1.03 B of revenue. This is 85.6% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The revenue for all United States stocks is 89.12% higher than that of the company.
Sphere Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sphere Entertainment's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sphere Entertainment could also be used in its relative valuation, which is a method of valuing Sphere Entertainment by comparing valuation metrics of similar companies.Sphere Entertainment is currently under evaluation in revenue category among its peers.
Sphere Entertainment ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Sphere Entertainment's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Sphere Entertainment's managers, analysts, and investors.Environmental | Governance | Social |
Sphere Fundamentals
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0248 | ||||
| Profit Margin | (0.33) % | ||||
| Operating Margin | (0.45) % | ||||
| Current Valuation | 2.46 B | ||||
| Shares Outstanding | 28.93 M | ||||
| Shares Owned By Insiders | 6.20 % | ||||
| Shares Owned By Institutions | 93.80 % | ||||
| Number Of Shares Shorted | 7.48 M | ||||
| Price To Book | 0.65 X | ||||
| Price To Sales | 1.32 X | ||||
| Revenue | 1.03 B | ||||
| Gross Profit | 233.3 M | ||||
| EBITDA | (3.44 M) | ||||
| Net Income | (200.65 M) | ||||
| Total Debt | 1.52 B | ||||
| Book Value Per Share | 64.69 X | ||||
| Cash Flow From Operations | (19.66 M) | ||||
| Short Ratio | 8.12 X | ||||
| Earnings Per Share | (11.23) X | ||||
| Target Price | 50.75 | ||||
| Number Of Employees | 970 | ||||
| Beta | 1.42 | ||||
| Market Capitalization | 1.51 B | ||||
| Total Asset | 4.79 B | ||||
| Retained Earnings | 11.39 M | ||||
| Working Capital | (507.98 M) | ||||
| Net Asset | 4.79 B |
About Sphere Entertainment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sphere Entertainment Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sphere Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sphere Entertainment Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Sphere Entertainment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sphere Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sphere Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Sphere Stock
Moving against Sphere Stock
| 0.62 | T | ATT Inc Aggressive Push | PairCorr |
| 0.55 | TZOO | Travelzoo | PairCorr |
| 0.43 | QNST | QuinStreet | PairCorr |
| 0.43 | Z | Zillow Group Class | PairCorr |
| 0.4 | KT | KT Corporation | PairCorr |
The ability to find closely correlated positions to Sphere Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sphere Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sphere Entertainment Co to buy it.
The correlation of Sphere Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sphere Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sphere Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sphere Stock Analysis
When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.