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Monday, May 17, 2021

SPOT Will Announce An EPS Of $0.56

Quite a few stock analysts have claimed that the stocks of SPOT will be announcing their results of quarterly earnings on the 28th of April. According to the analysts, the company will be putting forth an EPS of $0.56 for the quarter.

The Quarterly Report Of SPOT

SPOT had previously announced their quarterly results on the 3rd of February. The EPS reported by the company for the quarter was $0.66 which was slightly less than the consensus estimate of $0.76. The company also had a net margin at a negative 8.73%, with a return on its equity at a negative 30.46%. The revenue for the firm during this quarter was $2.16 billion, which was more than the analyst sum of $2.15 billion. 

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The stocks of SPOT traded on Wednesday at $271.20. The moving average price of the company over 50 days was $278.07, with the moving average price of the company over 200 days set at $296.52. The year low of the company has been set at $136.62, with a year high of $387.44. The market cap of the firm is $48.61 billion, with a PE ratio of around -63.66, and a 1.64 beta. 

There have been quite a few research equities that have commented on the stocks of SPOT. Zacks has already reduced the price rating of the company from hold to sell in a 24th March research report. Rosenblatt Securities has also increased the price target of the company from $390 to $425, with a rating of buy in a 1st March research report. Atlantic Securities has also reduced the rating of the company from overweight to neutral in a 23rd February research report. 

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