Wall Street analysts expect Pandora Media, Inc. (NYSE:P) to announce earnings per share (EPS) of ($0.19) for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Pandora Media’s earnings, with estimates ranging from ($0.24) to ($0.11). Pandora Media also reported earnings per share of ($0.19) during the same quarter last year. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Pandora Media will report full year earnings of ($1.02) per share for the current financial year, with EPS estimates ranging from ($1.20) to ($0.75). For the next financial year, analysts expect that the business will post earnings of ($0.69) per share, with EPS estimates ranging from ($0.99) to ($0.36). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Pandora Media.

Pandora Media (NYSE:P) last released its quarterly earnings data on Monday, July 31st. The Internet radio service reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.08. Pandora Media had a negative net margin of 39.90% and a negative return on equity of 58.81%. The business had revenue of $376.83 million for the quarter, compared to analyst estimates of $367.51 million. During the same period in the previous year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Several brokerages recently weighed in on P. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 target price on shares of Pandora Media in a research note on Monday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 target price on shares of Pandora Media in a research note on Wednesday, April 19th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $12.00 target price (down previously from $13.00) on shares of Pandora Media in a research note on Tuesday, May 9th. Cowen and Company decreased their target price on Pandora Media from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday, May 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 target price on shares of Pandora Media in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.07.

Pandora Media (NYSE P) traded down 4.854% during midday trading on Thursday, hitting $8.135. 4,890,702 shares of the company traded hands. Pandora Media has a 12-month low of $6.76 and a 12-month high of $14.98. The stock’s market cap is $1.97 billion. The stock has a 50 day moving average of $8.91 and a 200 day moving average of $10.54.

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In other news, EVP David Gerbitz sold 8,103 shares of Pandora Media stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $9.38, for a total transaction of $76,006.14. Following the sale, the executive vice president now owns 255,943 shares of the company’s stock, valued at approximately $2,400,745.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Douglas Martin sold 3,000 shares of Pandora Media stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $9.18, for a total value of $27,540.00. Following the sale, the insider now directly owns 257,921 shares in the company, valued at approximately $2,367,714.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,642 shares of company stock worth $381,554. Company insiders own 2.59% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Falcon Point Capital LLC purchased a new stake in shares of Pandora Media during the second quarter valued at $102,000. Prudential Financial Inc. purchased a new stake in shares of Pandora Media during the second quarter valued at $109,000. Aperio Group LLC purchased a new stake in shares of Pandora Media during the second quarter valued at $115,000. Virtu Financial LLC purchased a new stake in shares of Pandora Media during the second quarter valued at $121,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Pandora Media during the first quarter valued at $136,000.

About Pandora Media

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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