From Nasdaq: 2024-11-11 12:36:00

Spotify Technology S.A. (SPOT) is set to report its third-quarter 2024 results on Nov. 12 after the bell. The Zacks Consensus Estimate for earnings in the upcoming quarter is $1.73 per share, with revenue estimated at $4.4 billion, marking a significant year-over-year growth. However, the earnings surprise history has been mixed, with one negative surprise in the last four quarters. Factors like subscriber growth and price dynamics have contributed to SPOT’s strong performance. The stock has rallied significantly this year, indicating positive investor sentiment. While SPOT’s long-term growth potential seems promising, potential investors should monitor the stock closely for an ideal investment opportunity.

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Read more at Nasdaq: Buy, Sell, or Hold Spotify Stock? Key Tips Ahead of Q3 Earnings