Zacks Investment Research
28 Sept 2026, 22:51 UTC · 1h ago
Verdict
Headline leans bearish. We score SPOT −0.30 across four claims.
Score confirms the headline.
Leans bearish
From its wording — no explicit rating
−0.30moderately bearish
What the story claims
4 claims · scored −1 bearish … +1 bullish · 0 new · 4 priced in
Spotify is predicted to post an EPS of $3.24 for the upcoming quarter, a 15.4% decline from the prior-year period.
Priced inanalysis of consensus estimates
So whatA miss on this already lowered estimate during the Oct 22 print could trigger a further contraction of the current 36.03 Forward P/E multiple.
More negative than 85% of claims this week
Consensus revenue estimates for the upcoming quarter are $5.76 billion, up 15.31% year-over-year.
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More negative than 66% of ticker scores this week
Scored by the NIS engine · methodology.
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Priced inanalysis of consensus estimates
So whatMaintaining this growth rate is critical to justify the company's valuation, which is nearly double the industry average Forward P/E of 18.89.
More positive than 66% of claims this week
Analysts expect full-year earnings of $14.16 per share and revenue of $22.57 billion, representing increases of 19.09% and 16.12% respectively.
Priced inanalysis of consensus estimates
So whatThe gap between the expected quarterly EPS decline and the positive full-year growth suggests a significant back-weighted recovery in profitability for H2 2026.
More positive than 54% of claims this week
The consensus EPS projection for Spotify has moved 0.43% lower within the past 30 days.
Priced inanalysis of 30-day estimate trends
So whatWhile the shift is marginal, the negative direction aligns with the stock's 6.85% decline over the same monthly period.
More negative than 62% of claims this week
Which stocks this story touches
More negative than 66% of ticker scores this week
The stock lagged the S&P 500, has lost 6.85% in the past month, and is facing a predicted EPS decline of 15.4% for the upcoming quarter.
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SPOT hasn't traded since this ran. Last close $497.51 (Sep 28); the reaction starts at the next open.
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