SPOT's third-quarter 2024 earnings and revenues are likely to increase year over year.
Spotify Technology SA SPOT will be reporting its third-quarter earnings on Tuesday. Wall Street expects $1.89 in EPS and $4.37 billion in revenues as the company reports after market hours.
Spotify (SPOT) closed at $400.68 in the latest trading session, marking a +0.21% move from the prior day.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Spotify (SPOT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Spotify stock is on fire, but the best may still be ahead for investors.
Spotify (SPOT) reachead $384.50 at the closing of the latest trading day, reflecting a -0.16% change compared to its last close.
Zacks.com users have recently been watching Spotify (SPOT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The 2024 presidential election marks a meteoric shift in media consumption from traditional to independent media. Spotify is the big winner.
Spotify's advertising business is its biggest potential growth driver.
Investors usually see one way to get exposure to a stock and the direction in which they expect this stock to move in the future: to buy shares of the stock itself ahead of an event. However, there is another way to get exposed to a company's underlying directional move, which can give investors a certain level of leverage for a big payoff if they're right.
Recently, Zacks.com users have been paying close attention to Spotify (SPOT). This makes it worthwhile to examine what the stock has in store.
Given the continuous rise in SPOT shares, we examine the stock's current position to determine whether to go for it or wait for a correction.