Difference from consensus this time was:
I doubt that. Look at a 3-6mo, TA-chart and you will see the A/D and MFI lines show support by institutional investors.
Pandora Media had 75.3 million active listeners in the year-ago first quarter and 79.2 million in the most recent quarter. "Pandora Media's Loss Widens as Revenue, Engagement Rise" at 4:45 p.m. EDT gave incorrect numbers in the seventh paragrah. A related correction at 5:36 p.m. EDT also gave incorrect numbers.
You poor saps! Just can't see things clearly. Did you both get burned on this one or is the whipping coming up soon?
The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
Analysts Are Still Bullish
Despite the poor estimates, some Wall Street firms still seem quite optimistic about Pandora.
Last week, analysts at Wedbush reiterated an Outperform rating with the expectation that the company will report robust 1Q results.
BMO Capital Markets also maintained an Outperform, expecting the company to have benefited –- over the first quarter -- from "stronger listening hours as well as the plethora of new devices activated recently."
Needham also reiterated a Buy, in anticipation of the earnings call.
Different this time. Pandora was still on it's way down to a new 52wklo last earnings date. This earnings date has come with Pandora in a reversal on it's way up.