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Spotify Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2024-11-12 18:26
Spotify Technology S.A. SPOT will release earnings results for its third quarter, after the closing bell on Tuesday, Nov. 12.Analysts expect the Luxembourg City, Luxembourg-based bank to report quarterly earnings at $1.84 per share, up from 36 cents per share in the year-ago period. Spotify projects to report revenue of $4.31 billion for the recent quarter, compared to $3.68 billion a year earlier, according to data from Benzinga Pro.On Monday, Benchmark analyst Matthew Harrigan maintained Spotify with a Bu ...
Buy, Sell, or Hold Spotify Stock? Key Tips Ahead of Q3 Earnings
ZACKS· 2024-11-11 18:41
Spotify Technology S.A. (SPOT) will report its third-quarter 2024 results on Nov. 12, after the bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at $1.73 per share, indicating 380.6% year-over-year growth. The consensus mark for revenues is pegged at $4.4 billion, indicating year-over-year growth of 19.5%.Three estimates for the to-be-reported quarter moved down over the past 30 days versus no upward ...
Spotify's Q3 Countdown: Analysts Suggest 10% Climb On Bullish Momentum
Benzinga· 2024-11-11 18:39
Spotify Technology SA SPOT will be reporting its third-quarter earnings on Tuesday. Wall Street expects $1.89 in EPS and $4.37 billion in revenues as the company reports after market hours.The stock is up 139.78% over the past year, 117.39% YTD.Let’s look at what the charts indicate for Spotify stock and how the stock currently maps against Wall Street estimates.Read Also: Donald Trump To Reportedly Appear On Joe Rogan’s Podcast For First TimeSpotify Stock In Strongly Bullish Trend Ahead Of Q3 Earnings Spot ...
Here's Why Spotify (SPOT) Gained But Lagged the Market Today
ZACKS· 2024-11-08 23:51
Spotify (SPOT) ended the recent trading session at $400.68, demonstrating a +0.21% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 0.09%.Prior to today's trading, shares of the music-streaming service operator had gained 5.78% over the past month. This has lagged the Business Services sector's gain of 11.43% and outpaced the S&P 500's gain of 4.9% in that time.Analysts and ...
Spotify (SPOT) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-11-07 15:21
The upcoming report from Spotify (SPOT) is expected to reveal quarterly earnings of $1.74 per share, indicating an increase of 383.3% compared to the year-ago period. Analysts forecast revenues of $4.38 billion, representing an increase of 19.8% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a compa ...
Spotify Stock: A 10x Opportunity in Streaming
The Motley Fool· 2024-11-06 12:30
Spotify stock is on fire, but the best may still be ahead for investors.Spotify (SPOT 1.30%) is a leader in music streaming, but its growth may come from new revenue streams like podcasts, video, and advertising. In this video, Travis Hoium discusses Spotify's strategy, growth, risks, and why this could be a 10x stock for long-term investors.*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 6, 2024. ...
Spotify (SPOT) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-11-01 22:50
In the latest trading session, Spotify (SPOT) closed at $384.50, marking a -0.16% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 0.8%.The the stock of music-streaming service operator has risen by 3.35% in the past month, leading the Business Services sector's gain of 0.16% and the S&P 500's loss of 0.97%.The upcoming earnings release of Spotify will be of ...
Meteoric Media Shift: From Mainstream to Independent
ZACKS· 2024-10-29 20:25
The Evolution of Media and Politics For decades, media and politics have been connected at the hips. Politicians leverage media to get their message out to the public, while media uses politicians to gain advertising dollars and viewership. Throughout U.S. history, the media has had a dramatic impact on politics and the country. In the early 1900s, Teddy Roosevelt had to ride a train throughout the country and tirelessly shout his message at large crowds. While political rallies of this nature occur today, ...
Is Spotify Stock Poised to Soar? Options Traders Think So
MarketBeat· 2024-10-20 11:01
Investors usually see one way to get exposure to a stock and the direction in which they expect this stock to move in the future: to buy shares of the stock itself ahead of an event. However, there is another way to get exposed to a company's underlying directional move, which can give investors a certain level of leverage for a big payoff if they're right. This is done through stock options, but they have a couple of caveats, such as timing and risk. Investors need to get the direction of the stock right a ...
Spotify Stock Ascends 98% Year to Date: Buy, Hold, or Sell?
ZACKS· 2024-10-15 16:15
Spotify Technology S.A. (SPOT) has seen its stock skyrocket 98.2% year to date, significantly outperforming the 33.5% rally of the industry. Zacks Investment Research Image Source: As of the last trading session, the stock closed at $372.5, close to its 52-week high of $389.23. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors. SPOT Stock Trades Above 50-Day Average Zacks Investment Research Image Source: Given the continuous strength in SPOT shares, investors m ...