This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Pandoria (P) Stock Is Retreating Today

NEW YORK (TheStreet) -- Shares of Pandora Media, Inc. (P - Get Report) are down 11.70% to $25.36 on very heavy trading volume as the largest Internet radio service slid the most in three months after listener growth missed some analysts' estimates, Bloomberg reports.

Pandora released its quarterly results yesterday where profit beat projections and the company raised its 2014 outlook. 

Second quarter earnings came to 4 cents a share, excluding items. Analysts predicted 3 cents. Sales were up 43% to $218.9 million, beating the $218.7 million average estimate.



Active listeners increased 7.5% to 76.4 million users in the second quarter, but that was below the 76.6 million estimate of Corey Barrett, an analyst at Pacific Crest Securities, and a projection of 77 million by Mark Mahaney at RBC Capital Markets, Bloomberg said.

The company expects to earn 5 cents to 8 cents per share on an adjusted basis in the third quarter, with sales of $235 million to $240 million. Analysts had seen 8 cents and $234 million.

For the full year, Pandora forecasts 16 cents to 19 cents a share in profit, excluding items, up from the 14 cents to 18 cents it saw in April.

TheStreet Ratings team rates PANDORA MEDIA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate PANDORA MEDIA INC (P) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been generally deteriorating net income."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
P $13.75 4.00%
AAPL $118.32 -0.47%
FB $105.58 -0.15%
GOOG $748.62 0.04%
TSLA $229.84 5.30%


Chart of I:DJI
DOW 17,841.52 +29.33 0.16%
S&P 500 2,091.81 +2.67 0.13%
NASDAQ 5,120.7740 +17.9660 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs