This estimate has changed -133.3% over the last 30 days.įor the next fiscal year, the consensus earnings estimate of -$0.84 indicates a change of +58.6% from what Spotify is expected to report a year ago. The consensus earnings estimate of -$2.03 for the current fiscal year indicates a year-over-year change of -66.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -217.4%. Spotify is expected to post a loss of $0.89 per share for the current quarter, representing a year-over-year change of -85.4%. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends.
This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection.
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