Pandora Media P is due to report first quarter earnings on Thursday after market close.
Morgan Stanley analyst John Egbert believes Pandora's ad business “is better-equipped to face the industry's CQ1 seasonal slowdown than it was last year, which could lead to slight upside in advertising revenue.”
Egbert is forecasting “CQ1:14E non-GAAP revenue of $175MM (in-line with consensus), adjusted EBITDA of -$26MM (vs. consensus -$23MM), and non-GAAP loss per share of -$0.15 (vs. consensus -$0.14).”
The analyst expects advertising revenue to grow by 40 percent year over year to $135 million.
Shares of Pandora are down 3.4 percent to $28.31 in Wednesday's trading. The stock is 30 percent off its high of $40.44.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in