Sphere Entertainment (SPHR) versus The Competition Head to Head Review

Sphere Entertainment (NYSE:SPHR – Get Rating) is one of 35 publicly-traded companies in the “Amusement & recreation services” industry, but how does it weigh in compared to its competitors? We will compare Sphere Entertainment to similar companies based on the strength of its institutional ownership, analyst recommendations, valuation, dividends, risk, profitability and earnings.

Insider & Institutional Ownership

73.3% of Sphere Entertainment shares are owned by institutional investors. Comparatively, 34.6% of shares of all “Amusement & recreation services” companies are owned by institutional investors. 24.6% of Sphere Entertainment shares are owned by company insiders. Comparatively, 32.0% of shares of all “Amusement & recreation services” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

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 competitors have a beta of 1.52, meaning that their average share price is 52% more volatile than the S&P 500.

Earnings & Valuation

This table compares Sphere Entertainment and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Sphere Entertainment	$1.72 billion	-$194.40 million	-6.23
Sphere Entertainment Competitors	$1.54 billion	-$4.14 million	2.00

Sphere Entertainment has higher revenue, but lower earnings than its competitors. Sphere Entertainment is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Sphere Entertainment and its competitors’ 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	-1,576.52%	-100.98%	-262.68%

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Sphere Entertainment and its competitors, as reported 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 presently has a consensus target price of $25.00, suggesting a potential upside of 0.52%. As a group, “Amusement & recreation services” companies have a potential upside of 27.96%. Given Sphere Entertainment’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Sphere Entertainment has less favorable growth aspects than its competitors.

Summary

Sphere Entertainment competitors beat Sphere Entertainment on 8 of the 13 factors compared.

About Sphere Entertainment

(Get Rating)

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.