Zacks: Brokerages Expect Spotify Technology SA (NYSE:SPOT) Will Announce Earnings of -$0.42 Per Share
Wall Street brokerages predict that Spotify Technology SA (NYSE:SPOT) will announce earnings per share (EPS) of ($0.42) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Spotify Technology’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.90). Spotify Technology reported earnings per share of $0.27 during the same quarter last year, which would suggest a negative year-over-year growth rate of 255.6%. The firm is expected to report its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Spotify Technology will report full-year earnings of ($2.21) per share for the current year, with EPS estimates ranging from ($3.38) to ($1.39). For the next year, analysts anticipate that the business will post earnings of ($1.40) per share, with EPS estimates ranging from ($3.43) to $0.26. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Spotify Technology.
Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.04. Spotify Technology had a net margin of 4.48% and a return on equity of 13.23%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.83 billion.
Shares of SPOT stock traded down $4.81 during trading on Thursday, reaching $140.95. The company’s stock had a trading volume of 1,410,600 shares, compared to its average volume of 1,587,410. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27. The firm has a market cap of $27.15 billion, a P/E ratio of -234.92 and a beta of 1.85. The company has a 50-day simple moving average of $150.35. Spotify Technology has a 1-year low of $103.29 and a 1-year high of $196.95.
Spotify Technology Company Profile
Spotify Technology SA, together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.
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