Spotify Technology SA (NYSE:SPOT) Expected to Post Earnings of -$0.52 Per Share
Brokerages expect that Spotify Technology SA (NYSE:SPOT) will announce earnings of ($0.52) per share for the current quarter, Zacks reports. Seven analysts have made estimates for Spotify Technology’s earnings, with estimates ranging from ($1.19) to ($0.12). Spotify Technology posted earnings of ($0.61) per share during the same quarter last year, which indicates a positive year over year growth rate of 14.8%. The firm is expected to issue its next quarterly earnings results before the market opens on Wednesday, July 31st.
On average, analysts expect that Spotify Technology will report full year earnings of ($2.70) per share for the current financial year, with EPS estimates ranging from ($4.19) to ($1.54). For the next year, analysts forecast that the firm will report earnings of ($1.58) per share, with EPS estimates ranging from ($4.12) to ($0.50). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Spotify Technology.
Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Monday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.53). Spotify Technology had a positive return on equity of 13.72% and a negative net margin of 1.08%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.67 billion.
Shares of SPOT stock traded up $0.84 during trading hours on Monday, hitting $152.30. 952,016 shares of the company were exchanged, compared to its average volume of 1,794,493. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of -253.83 and a beta of 1.84. Spotify Technology has a 1 year low of $103.29 and a 1 year high of $198.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83. The business’s fifty day moving average price is $140.17.
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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