Earnings Preview: Pandora Rises Slightly Ahead of Results

Shares of Pandora Media P are slightly higher a couple hours before the company is set to release fiscal quarterly results. At last check, the stock was trading up around 0.50 percent to $10.22. Wall Street analysts anticipate that the company will report a per share loss of $0.03, compared to the $0.02 per share in net income that Pandora reported in the year ago period. The low estimate on Wall Street is calling for a loss of $0.06 per share with a high estimate of a loss of $0.01. Revenues in the quarter are expected to be just under $101 million. The high revenue estimate is $109 million with a low estimate of $95.02 million. In the year ago period, the company reported revenues of $66.97 million. Current consensus revenue estimates imply year over year sales growth of 50.70 percent. Over the last 90 days, earnings estimates for Pandora have risen a penny. During this time period, the stock has fallen a little more than three percent. Year-to-date, Pandora shares have risen 2.2 percent, underperforming the broader stock market.