Zacks: Brokerages Anticipate Pandora Media Inc (P) to Announce -$0.07 Earnings Per Share

Analysts forecast that Pandora Media Inc (NYSE:P) will announce earnings per share (EPS) of ($0.07) for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Pandora Media’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.15). Pandora Media posted earnings of ($0.13) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 46.2%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Pandora Media will report full-year earnings of ($0.65) per share for the current year, with EPS estimates ranging from ($1.64) to ($0.50). For the next financial year, analysts expect that the business will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.58) to $0.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Pandora Media.

P has been the subject of several research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $9.00 price target on shares of Pandora Media in a report on Friday, November 3rd. Stifel Nicolaus set a $12.00 price target on Pandora Media and gave the company a “buy” rating in a report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and set a $11.00 price target on shares of Pandora Media in a report on Tuesday, October 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $14.00 price target on shares of Pandora Media in a report on Monday, October 30th. Finally, Wedbush set a $15.00 target price on Pandora Media and gave the stock a “buy” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have given a buy rating to the company. Pandora Media has a consensus rating of “Hold” and an average target price of $10.13.

Pandora Media (NYSE:P) opened at $4.85 on Thursday. Pandora Media has a 52 week low of $4.09 and a 52 week high of $13.72. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58. The firm has a market cap of $1,201.62, a price-to-earnings ratio of -1.96 and a beta of -0.48.

In other Pandora Media news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $4.77, for a total value of $375,432.39. Following the transaction, the chief executive officer now owns 701,607 shares in the company, valued at $3,346,665.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Gerbitz sold 9,523 shares of Pandora Media stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $48,662.53. Following the completion of the transaction, the executive vice president now owns 316,084 shares in the company, valued at approximately $1,615,189.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,389 shares of company stock valued at $567,987. 2.59% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. bought a new stake in shares of Pandora Media during the second quarter worth about $109,000. Fox Run Management L.L.C. bought a new stake in shares of Pandora Media during the third quarter worth about $111,000. Bourgeon Capital Management LLC bought a new stake in shares of Pandora Media during the third quarter worth about $115,000. Creative Planning bought a new stake in shares of Pandora Media during the fourth quarter worth about $128,000. Finally, NuWave Investment Management LLC bought a new stake in shares of Pandora Media during the fourth quarter worth about $148,000.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/08/zacks-brokerages-anticipate-pandora-media-inc-p-to-announce-0-07-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Pandora Media (P)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Pandora Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply