Spotify Technology S.A. (NYSE:SPOT) is expected to report second quarter earnings results, before market open, on Wednesday 29th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.53 per share.
Looking ahead, the full year loss are expected at $ 1.43 per share on the revenues of $ 9385.25 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 1,930.00 million ~ $ 2,151.00 million
Full Year 2020 topline are forecasted in a range of$ 8,438.00 million ~ $ 8,879.00 million
Click Here For More Historical Outlooks Of Spotify Technology S.A.
Previous Quarter Performance
Spotify Technology S.A. unveiled loss for the first quarter of $ 0.22 per share, from the revenue of $ 2,038.00 million. The quarterly revenues improved 22.13 percent compared with the same quarter last year. According to street consensus, SPOT was expected to report 1Q20 loss of $ 0.49 per share from revenue of $ 1855.44 million. The bottom line results beat street analysts by $ 0.27 or 55.10 percent, at the same time, top line results outshined analysts by $ 182.56 million or 9.84 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SPOT was $ 267.12, representing a 144.66 % increase from the 52 week low of $ 109.18 and a 10.86 % decrease over the 52 week high of $ 299.67.
The company has a market capital of $ 49.67 billion and is part of the Technology sector and Internet Content & Information industry.
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Recent Analyst recommendations
- On 15th July 2020, maintained by SunTrust Robinson Humphrey at Buy rating, with $ 290.00 target price.
- On 14th July 2020, downgraded by UBS Group to Sell from Buy rating, with $ 204.00 target price.
- On 30th June 2020, initiated by Citigroup at Neutral rating, with $ 270.00 target price.
- On 29th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 275.00 target price.
Conference Call
Spotify Technology S.A. will be hosting a conference call at 8:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spotify.com
Spotify Technology S.A., 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.
