Pandora Media Inc Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 6 cents per share after the company broke even in the year-earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month.
Last quarter, the company came in at net loss of 12 cents per share against a mean estimate of a loss of 18 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 3 cents.
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Wall St. Revenue Expectations: On average, analysts predict $100.9 million in revenue this quarter, a rise of 50.7% from the year-ago quarter. Analysts are forecasting total revenue of $424.2 million for the year, a rise of 54.6% from last year’s revenue of $274.3 million.
Stock Price Performance: Between May 30, 2012 and August 23, 2012, the stock price fell 72 cents (-6.8%), from $10.57 to $9.85. The stock price saw one of its best stretches over the last year between September 21, 2011 and September 30, 2011, when shares rose for eight straight days, increasing 46.4% (+$4.64) over that span. It saw one of its worst periods between March 21, 2012 and March 29, 2012 when shares fell for seven straight days, dropping 6.4% (-69 cents) over that span.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.01 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 2.26 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 8.1% to $76.6 million while assets decreased 3.6% to $154.4 million.
Analyst Ratings: There are 11 out of 18 analysts surveyed (61.1%) rating Pandora Media a buy.
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