Analysts predict that Pandora Media, Inc. (NYSE:P) will report earnings per share of ($0.07) for the current quarter, Zacks reports. Ten analysts have made estimates for Pandora Media’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.12). Pandora Media also posted earnings of ($0.07) per share in the same quarter last year. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.

On average, analysts expect that Pandora Media will report full year earnings of ($0.57) per share for the current fiscal year, with EPS estimates ranging from ($1.61) to ($0.38). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.48) to $0.67. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Pandora Media.

Pandora Media (NYSE:P) last issued its earnings results on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.08. The business had revenue of $376.83 million during the quarter, compared to analysts’ expectations of $367.51 million. Pandora Media had a negative net margin of 39.90% and a negative return on equity of 58.81%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share.

Several equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Pandora Media in a research report on Wednesday, August 23rd. ValuEngine lowered shares of Pandora Media from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Citigroup Inc. reaffirmed a “buy” rating and issued a $11.00 price objective (down from $12.00) on shares of Pandora Media in a research report on Tuesday, August 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 price objective (down from $15.00) on shares of Pandora Media in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Pandora Media currently has a consensus rating of “Hold” and an average target price of $11.76.

In other news, EVP David Gerbitz sold 9,959 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total value of $83,854.78. Following the completion of the transaction, the executive vice president now owns 355,607 shares in the company, valued at $2,994,210.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher W. Phillips sold 10,322 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total value of $86,911.24. Following the completion of the transaction, the insider now owns 423,872 shares of the company’s stock, valued at approximately $3,569,002.24. The disclosure for this sale can be found here. Insiders sold 67,366 shares of company stock valued at $564,822 in the last quarter. 2.59% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of P. Falcon Point Capital LLC acquired a new stake in shares of Pandora Media during the second quarter valued at $102,000. Prudential Financial Inc. acquired a new stake in shares of Pandora Media during the second quarter valued at $109,000. Fox Run Management L.L.C. acquired a new stake in shares of Pandora Media during the third quarter valued at $111,000. Symmetry Peak Management LLC acquired a new stake in shares of Pandora Media during the second quarter valued at $112,000. Finally, Aperio Group LLC acquired a new stake in shares of Pandora Media during the second quarter valued at $115,000.

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Pandora Media (NYSE:P) opened at 7.22 on Tuesday. Pandora Media has a one year low of $6.76 and a one year high of $14.10. The firm has a 50-day moving average of $8.04 and a 200 day moving average of $8.87. The stock’s market capitalization is $1.75 billion.

Pandora Media Company Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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