Media

What Look for in Pandora Earnings

Chris Lange

Published: April 28, 2016 12:50 pm

Last Updated: January 13, 2020 10:08 am

Pandora Media Inc. (NYSE: P) is scheduled to report its first-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters call for a net loss of $0.32 per share on $286.49 million in revenue. In the same period of last year, Pandora posted a net loss of $0.12 per share on revenue of $230.76 million.

This company is facing ever more competition, yet it continues to hold its own. Pandora is clearly not the only company with a big desire to be in the music streaming business, but it is the current leader in installation and use in the automotive world, with a penetration rate around 70%, and it hopes to stay that way.

Pandora provides internet music streaming services in North America. The company allows its listeners to create personalized stations to access free music and comedy catalogs, as well as personalized playlist generating system. The company also offers a paid subscription service to listeners.

So far in 2016, Pandora has underperformed the broad markets, with the stock down about 30%. Over the past 52 weeks, the numbers get a little worse with the stock down nearly 50%.

A few analysts weighed in on Pandora prior to the release of its earnings report:

• SunTrust reiterated a Neutral rating.
• Canaccord Genuity reiterated a Buy rating.
• Wells Fargo reiterated a Hold rating.
• Raymond James has a Market Perform rating.
• Citigroup initiated coverage with a Buy rating and a $16 price target.

Shares of Pandora were trading up 1.2% to $9.56 on Thursday, with a consensus analyst price target of $13.34 and a 52-week trading range of $7.10 to $22.60.