Spotify Technology (NYSE:SPOT – Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.06 per share for the quarter. Spotify Technology has set its Q4 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Spotify Technology (NYSE:SPOT – Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.30). Spotify Technology had a return on equity of 19.07% and a net margin of 4.66%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s revenue was up 18.8% compared to the same quarter last year. On average, analysts expect Spotify Technology to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Spotify Technology Stock Performance
Spotify Technology stock opened at $549.02 on Friday. The stock has a market cap of $109.28 billion, a PE ratio of 149.19 and a beta of 1.62. Spotify Technology has a fifty-two week low of $213.31 and a fifty-two week high of $560.36. The firm’s 50-day simple moving average is $480.71 and its 200 day simple moving average is $403.74.
Analyst Ratings Changes
A number of analysts recently commented on the company. Rosenblatt Securities increased their price target on Spotify Technology from $399.00 to $438.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spotify Technology from $430.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of Spotify Technology from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Canaccord Genuity Group boosted their target price on shares of Spotify Technology from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Spotify Technology from $490.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $451.39.
Check Out Our Latest Stock Report on SPOT
About Spotify Technology
Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.
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