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Apr 24, 2023 13:01 | | 1 minute read
Spotify technology (NYSE:SPOT) will report its latest quarterly results on Tuesday, April 25, 2023. Here’s what investors should know before the announcement.
Analysts believe Spotify Technology earnings per share (EPS) $-0.94.
Spotify Technology bulls expect the company to not only beat its estimates, but to announce that it will provide forward-looking guidance or projected growth for the next quarter.
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New investors should be aware that it is guidance (or forecasts), not earnings fluctuations, that most affect stock prices.
Earnings performance in the past
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The company underperformed EPS by $0.04 last quarter, and shares rose 4.81% the following day.
Spotify Technology’s past performance and resulting price changes are as follows:
| quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS forecast | -1.39 | -0.86 | -0.65 | -0.25 |
| EPS results | -1.43 | -1 | -0.91 | 0.24 |
| price volatility | 4.81% | -13.08% | -1.98% | 6.38% |
stock performance
Shares of Spotify Technology are trading at $133.76 as of April 21st. The stock is up 19.28% over the past 52 weeks. Given that these returns are generally positive, long-term shareholders may be bullish heading into this earnings release.
To track all of Spotify Technology’s earnings releases, visit our site’s earnings calendar.
This article was generated by Benzinga’s automated content engine and reviewed by editors.
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
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