Spotify Technology (SPOT) Expected to Announce Quarterly Earnings on Tuesday

Spotify Technology (NYSE:SPOT - Get Free Report) is expected to be posting its Q4 2024 quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Spotify Technology to post earnings of $2.06 per share and revenue of $4.15 billion for the quarter. Spotify Technology has set its Q4 2024 guidance at EPS.Investors interested in participating in the company's conference call can do so using this link.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.30). The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.03 billion. Spotify Technology had a return on equity of 19.07% and a net margin of 4.66%. Spotify Technology's quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. 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 Trading Up 0.5 %

Shares of SPOT traded up $3.27 during mid-day trading on Wednesday, reaching $625.04. The company's stock had a trading volume of 4,607,331 shares, compared to its average volume of 2,135,730. The company's fifty day moving average price is $485.02 and its two-hundred day moving average price is $409.38. Spotify Technology has a 52 week low of $227.52 and a 52 week high of $630.77. The stock has a market cap of $124.41 billion, a PE ratio of 169.85 and a beta of 1.63.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPOT shares. UBS Group increased their price objective on shares of Spotify Technology from $485.00 to $540.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Barclays raised their price target on shares of Spotify Technology from $475.00 to $710.00 and gave the company an "overweight" rating in a report on Wednesday. Pivotal Research raised their price target on shares of Spotify Technology from $510.00 to $565.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Guggenheim increased their price objective on shares of Spotify Technology from $520.00 to $675.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $480.00 price objective (down previously from $490.00) on shares of Spotify Technology in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $509.61.

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.