Why is Sphere Entertainment stock sinking Monday?
<?xml encoding="utf-8" ?> Sphere Entertainment Co. SPHR stock is down nearly 12% on Monday after Craig-Hallum downgraded it ...
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
On Oct. 16, 2026, MSGE is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
Sphere Entertainment Co. is a mid-cap company with a market capitalization of $3.79B. It ranks number 5 by market capitalization among the 19 Services-Amusement & Recreation Services issuers in our coverage with a current forecast.
For MSGE, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 53.0%, measured on 319 forecast dates between 2023-04-21 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 29.0%, measured on 362 forecast dates between 2023-04-21 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, MSGE included.
Follow MSGE free90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Amusement & Recreation Services peers listed below that report each metric.
| Metric | MSGE | Rank |
|---|---|---|
| Market Cap | $3.79B | 5/19 |
| P/B Ratio | 1.70x | 8/11 |
| EPS | $-1.07 | – |
| Book Value/Share | $45.69 | – |
| Revenue/Share | $6.43 | – |
| Metric | MSGE | Rank |
|---|---|---|
| ROE | -1.7% | – |
| ROA | -0.9% | 5/9 |
| ROIC | -1.8% | 10/15 |
| Operating Margin | -19.5% | 10/18 |
| Net Margin | -12.2% | 7/10 |
| EBT Margin | -20.8% | 11/18 |
| Tax Rate | 41.3% | – |
| Metric | MSGE | Rank |
|---|---|---|
| Current Ratio | 1.22x | 7/19 |
| Quick Ratio | 1.20x | – |
| D/E Ratio | 0.81x | 8/12 |
| Financial Leverage | 1.81x | 9/12 |
| Interest Coverage | 82.7x | 2/16 |
| Working Capital | $144M | 3/19 |
| Metric | MSGE | Rank |
|---|---|---|
| Operating Cash Flow | $103M | 6/19 |
| Metric | MSGE | Rank |
|---|---|---|
| Asset Turnover | 0.08x | 11/12 |
| Fixed Assets Turnover | 0.1x | 10/11 |
| Metric | MSGE | Rank |
|---|---|---|
| Total Revenue | $314M | 7/13 |
| Operating Income | -$61M | 18/19 |
| Net Income | -$38M | 10/10 |
| SG&A Expense | -$116M | 11/11 |
| Metric | MSGE | Rank |
|---|---|---|
| Shares Outstanding | 49M | – |
| Net Income Growth | -125.2% | – |
| EPS Growth | -131.6% | 4/5 |
| Total Current Assets | $784M | 19.4% of assets |
| Cash & Short-term Investments | $551M | 13.7% of assets |
| Inventory | $18M | 0.4% of assets |
| Total Liabilities | $1.81B | 44.8% of assets |
| Short-term Debt | $627M | 15.5% of assets |
Companies classified under the same SEC industry code as Sphere Entertainment Co. (Services-Amusement & Recreation Services): 21 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| MSGE Sphere Entertainment Co. | ▶ | $3.79B |
| LYV Live Nation Entertainment, Inc. | ▼ | $40.18B |
| TKO Tko Group Holdings, Inc. | ▶ | $33.22B |
| WMG Warner Music Group Corp. | ▶ | $16.43B |
| LLYVA Liberty Live Holdings, Inc. | ▶ | $8.73B |
| ACEL Accel Entertainment, Inc. | ▶ | $883M |
| LUCK Lucky Strike Entertainment Corp | ▲ | $656M |
| RSVR Reservoir Media, Inc. | ▲ | $622M |
| ROLR High Roller Technologies, Inc. | ▼ | $53M |
| GLXZ Galaxy Gaming, Inc. | ▼ | $40M |
| GAME Gamesquare Holdings, Inc. | ▲ | $34M |
| NOMA Nomadar Corp. | ▶ | $30M |
| SFRX Seafarer Exploration Corp | ▲ | $26M |
| AIFA All In Futuretech Alliance, Inc. | ▶ | $24M |
| SSGC Safespace Global Corp | ▶ | $14M |
| ADTI Adapti, Inc. | ▲ | $13M |
| APHP American Picture House Corp | ▶ | $7M |
| FLZH Flash Sports & Media Holdings, Inc. | ▼ | $3M |
| GMBL Esports Entertainment Group, Inc. | ▲ | $140K |
| BOTY Lingerie Fighting Championships, Inc. | ▼ | N/A |
| SPQS Sportsquest, Inc. | ▼ | N/A |
<?xml encoding="utf-8" ?> Sphere Entertainment Co. SPHR stock is down nearly 12% on Monday after Craig-Hallum downgraded it ...
Good morning. Thank you for standing by, and welcome to the Sphere Entertainment Co. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Ari ...
Sphere Entertainment Co. and Disguise announced a new multi-year partnership to develop advanced technologies custom-made for Sphere?s immersive entertainment venue. Since Sphere opened in 2023, ...
On Oct. 16, 2026, MSGE is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
For MSGE, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 53.0%, measured on 319 forecast dates between 2023-04-21 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 29.0%, measured on 362 forecast dates between 2023-04-21 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Sphere Entertainment Co. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
21 issuers in our coverage, MSGE included, share the SEC industry code Services-Amusement & Recreation Services. The largest are: Live Nation Entertainment, Inc. (LYV), Tko Group Holdings, Inc. (TKO), Warner Music Group Corp. (WMG), Liberty Live Holdings, Inc. (LLYVA), Accel Entertainment, Inc. (ACEL), Lucky Strike Entertainment Corp (LUCK).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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