Analysts expect Spotify Technology SA (NYSE:SPOT) to announce ($0.44) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Spotify Technology’s earnings, with estimates ranging from ($0.90) to ($0.15). Spotify Technology posted earnings of $0.27 per share in the same quarter last year, which suggests a negative year over year growth rate of 263%. The company is scheduled to report its next earnings report on Thursday, November 7th.
On average, analysts expect that Spotify Technology will report full year earnings of ($2.27) per share for the current year, with EPS estimates ranging from ($3.38) to ($1.39). For the next fiscal year, analysts anticipate that the company will report earnings of ($1.53) per share, with EPS estimates ranging from ($3.43) to $0.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Spotify Technology.
Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.04. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.83 billion. Spotify Technology had a net margin of 4.48% and a return on equity of 13.23%.
Several equities analysts recently issued reports on SPOT shares. Royal Bank of Canada reissued a “buy” rating and set a $185.00 price objective on shares of Spotify Technology in a research note on Wednesday, July 31st. Morgan Stanley upped their price objective on shares of Spotify Technology from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Loop Capital raised shares of Spotify Technology from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Wednesday, July 31st. Finally, Consumer Edge started coverage on shares of Spotify Technology in a research note on Tuesday, August 20th. They set an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $170.25.
Shares of SPOT traded down $2.84 on Friday, hitting $125.14. 36,976 shares of the stock traded hands, compared to its average volume of 1,041,148. 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 stock has a market cap of $23.18 billion, a price-to-earnings ratio of -211.57 and a beta of 1.91. The firm has a 50 day moving average price of $142.24. Spotify Technology has a 1 year low of $103.29 and a 1 year high of $185.92.
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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