Sphere Entertainment (NYSE:SPHR – Get Rating) is one of 35 public companies in the “Amusement & recreation services” industry, but how does it contrast to its peers? We will compare Sphere Entertainment to similar companies based on the strength of its earnings, institutional ownership, valuation, dividends, risk, analyst recommendations and profitability.
Institutional & Insider Ownership
73.3% of Sphere Entertainment shares are held by institutional investors. Comparatively, 34.6% of shares of all “Amusement & recreation services” companies are held by institutional investors. 24.6% of Sphere Entertainment shares are held by company insiders. Comparatively, 32.0% of shares of all “Amusement & recreation services” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Earnings & Valuation
This table compares Sphere Entertainment and its peers top-line revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Sphere Entertainment | $1.72 billion | -$194.40 million | -5.92 |
| Sphere Entertainment Competitors | $1.51 billion | -$4.14 million | 2.27 |
Volatility & Risk
Sphere Entertainment has a beta of 1.26, meaning that its share price is 26% more volatile than the S&P 500. Comparatively, Sphere Entertainment’s peers have a beta of 1.52, meaning that their average share price is 52% more volatile than the S&P 500.
Profitability
This table compares Sphere Entertainment and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Sphere Entertainment | -7.20% | -3.21% | -1.12% |
| Sphere Entertainment Competitors | -1,580.85% | -100.98% | -261.73% |
Analyst Ratings
This is a summary of current recommendations and price targets for Sphere Entertainment and its peers, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Sphere Entertainment | 0 | 2 | 0 | 0 | 2.00 |
| Sphere Entertainment Competitors | 15 | 176 | 392 | 4 | 2.66 |
Sphere Entertainment currently has a consensus target price of $25.00, suggesting a potential upside of 5.89%. As a group, “Amusement & recreation services” companies have a potential upside of 25.14%. Given Sphere Entertainment’s peers stronger consensus rating and higher probable upside, analysts plainly believe Sphere Entertainment has less favorable growth aspects than its peers.
Summary
Sphere Entertainment peers beat Sphere Entertainment on 8 of the 13 factors compared.
Sphere Entertainment Company Profile
Madison Square Garden Entertainment Corp. provides entertainment experiences. The Company presents or hosts events in its diverse collection of venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA and The Chicago Theatre. Also under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands including Tao, Marquee, Lavo, Avenue, Beauty & Essex and Cath?drale. Madison Square Garden Entertainment Corp. is based in NEW YORK.
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