Spotify Gains 2.63% as Investors Look Ahead to Earnings
Spotify rose to $526.42 in the latest session, while analysts’ consensus points to lower year-over-year earnings per share in its upcoming report.
Key takeaways
- Spotify ended the session at $526.42, up 2.63%.
- Zacks consensus estimates project $3.12 in earnings per share for the October 22 report.
Spotify shares rose 2.63% to close at $526.42, outperforming the S&P 500, which fell 0.47%. The Dow gained 0.1%, while the Nasdaq lost 1.25%.
The company is scheduled to report earnings on October 22, 2026. Zacks consensus estimates call for earnings of $3.12 per share, down 18.54% from a year earlier, and revenue of $5.76 billion, up 15.31%.
For the full fiscal year, Zacks consensus estimates project earnings of $13.85 per share and revenue of $22.61 billion. Those figures represent year-over-year increases of 16.48% and 16.36%, respectively.
This article was produced with the help of AI technology. Source: Yahoo Finance
