Spotify Technology (SPOT) to Release Quarterly Earnings on Tuesday

Spotify Technology (NYSE:SPOT) is projected to issue its quarterly earnings data 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.Parties that wish to listen to the company’s conference call can do so using this link.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $1.45 earnings per share 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 company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis. 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

NYSE SPOT opened at $513.54 on Tuesday. Spotify Technology has a one year low of $213.31 and a one year high of $516.58. The company’s 50 day moving average price is $473.74 and its 200 day moving average price is $396.89. The firm has a market capitalization of $102.22 billion, a price-to-earnings ratio of 139.55 and a beta of 1.62.

Analyst Ratings Changes

SPOT has been the topic of several research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $340.00 price target on shares of Spotify Technology in a report on Monday, October 7th. UBS Group raised their price target on shares of Spotify Technology from $485.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley raised their price target on shares of Spotify Technology from $430.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised their price target on shares of Spotify Technology from $490.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Spotify Technology from $425.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $441.21.

Spotify Technology Company Profile

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.