Preview: Spotify Technology's Earnings
Portfolio Pulse from Benzinga Insights
Spotify Technology (NYSE:SPOT) is set to release its latest quarterly earnings report on Tuesday, 2023-10-24. Analysts estimate an earnings per share (EPS) of $-0.23. Last quarter, the company missed EPS by $0.99, followed by a 6.23% increase in the share price. Shares of Spotify Technology were trading at $149.92 as of October 20, with a 52-week increase of 59.31%.
October 23, 2023 | 9:01 pm
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Spotify Technology is expected to report an EPS of $-0.23 in its upcoming earnings report. Despite missing EPS estimates last quarter, the share price increased by 6.23%. The stock has seen a 52-week increase of 59.31%.
The upcoming earnings report is a significant event for Spotify. Despite missing EPS estimates last quarter, the share price increased, indicating that investors may be focusing more on other factors such as guidance. The stock's strong performance over the past 52 weeks also suggests a generally positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100