Pandora Media (NYSE: P) reported earnings on Aug. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q2), Pandora Media met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share dropped.
Margins contracted across the board.
Revenue details
Pandora Media tallied revenue of $101.3 million. The 21 analysts polled by S&P Capital IQ wanted to see revenue of $100.5 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $67.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.00. The 20 earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. GAAP EPS were -$0.03 for Q2 versus -$0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 32.8%, 870 basis points worse than the prior-year quarter. Operating margin was -5.2%, 740 basis points worse than the prior-year quarter. Net margin was -5.3%, 260 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $114.7 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $424.1 million. The average EPS estimate is -$0.10.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 188 members out of 571 rating the stock outperform, and 383 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Pandora Media a green thumbs-up, and 142 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pandora Media is outperform, with an average price target of $14.05.
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