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Why is spotify stock down
Why is spotify stock down





why is spotify stock down

SPOT has an overall C rating, which equates to Neutral in our proprietary POWR Ratings system. SPOT’s trailing 12-month gross profit margin and net income margin of 26.65% and 0.73%, respectively, are 47.66% and 86.48% lower than their respective industry averages of 50.93% and 5.37%. The consensus revenue estimate for the same periods of $3.12 billion and $12.27 billion, respectively, indicate 10% and 14.9% year-over-year increases.Īlthough the Street’s EPS estimate is expected to remain negative at least until fiscal 2022, its EPS is expected to increase 137.8% per annum over the next five years. 30, 2022, and its fiscal year 2022 reflect a rise of 69.6% and 50%, respectively, from their prior-year periods. Furthermore, the consensus EPS estimates for the quarter ending Sept. However, the $2.96 billion consensus revenue estimate for the same quarter reflects a 10.4% improvement from the prior-year quarter. The consensus EPS estimate for the quarter ending June 2022 indicates a 181.8% year-over-year decrease.

why is spotify stock down why is spotify stock down

However, the stock’s 1.72 forward Price/Sales multiple is 17.2% higher than the 1.47 industry average. In terms of its forward EV/Sales, SPOT is currently trading at 1.45x, which is 31% lower than the 2.10x industry average.







Why is spotify stock down