The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Our proven model does not conclusively predict an earnings beat for Spotify this time around. The loss might have been due to increase inhigher operating expenses. It had incurred a A loss of 48 cents per share was reported in the third quarter of 2021. SPOT is expected to have incurred a loss of 88 cents per share in the to-be-reported quarter. The consensus mark for total monthly active users and premium subscribers’ metric is likely to rise 17.6% and 12.8%, respectively, from the corresponding year-ago September-quarter’s readings.
Growth of subscribers and monthly active users (MAUs) is likely to have benefited the top line.
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $3.06 billion, indicating growth of 3.8% from the year-ago period’s reported figure. Spotify Technology price-eps-surprise | Spotify Technology Quote Q3 Expectations
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