Why Pandora (P) Stock Is Up today

NEW YORK (TheStreet) -- Shares of Pandora Media Inc. (P) are higher by 1.49% to $27.96 on Thursday ahead of the music streaming service's 2014 second quarter earnings report, which is expected to be released after today's market close.

FactSet analysts are expecting Pandora to announce an increase in listener hours and the number of users, which can be attributed to the anticipated increase in revenue. 

Pandora is expected to report revenue of $218.6 million versus Pandora's 2013 second quarter revenue of $157.4 million.

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However, analysts have guided for an decline in earnings per share over the 2013 second quarter to 3 cents, from 4 cents per share.

Separately, 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."

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