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Pandora Media NYSE:P reports, forecasts, and falls

Pandora Media Inc. reported Q-3 Y 2012 earnings after markets closed Tuesday. For the Quarter, the Internet radio company posted EPS of 0.05 on revenues of $120-M. In the same period last year, the company reported EPS of 0.02 on revenues of $75-M.

The Q-3 results compare to the Thomson Reuters consensus estimate for EPS of 0.01 on $117-M in revenues.

On a GAAP basis, the company reported diluted EPS of 0.01. Adjusted earnings excluded $7.1-M in stock-based compensation expense. In the same period last year, stock-based compensation expense totaled $2.7-M and GAAP EPS were break-even.

The company’s CEO said: This quarter exceeded our expectations as we monetized mobile at record levels and grew total mobile revenue 112%.

Unfortunately, the press release does not attach a dollar amount to that doubling of revenue.

For Q-4, Pandora guided revenue at $120 to 123-M and an adjusted EPS loss of 0.06 to 0.09, again attributed to stock-based compensation expense. The consensus estimate called for revenue of $130.3-M and EPS of 0.02.

For fiscal year Y 2013, Pandora guided revenue at $422 to 425-M and an adjusted EPS loss of 0.09 to 0.12, once more attributed to stock-based compensation expense. The consensus estimate calls for EPS of 0.07 on revenue of $613.1-M.

Pandora’s advertising revenue grew more than 61% Y-Y to $106.3-M, while subscription revenue rose 52% to $13.7-M. Marketing and sales costs rose $1.7-M Y-Y and general and administrative expenses were up more than 4X.

The company’s shares were hammered last month on reports that Apple Inc. NASDAQ: AAPL was working on a competing product. The real problem for Pandora is that its revenue stream is not growing fast enough, even without Apple as a competitor.

Tuesday was not a good day for Pandora Media -NYSE: P

9.45 Up 0.49(5.47%) 4:02 p EST|After Hours : 7.75 Down 1.70 (17.99%) 7:59 p EST

Analysis Overall Short Intermediate Long
Neutral (-0.05) Neutral (0.11) Neutral (-0.04) Neutral (-0.22)

Recent CandleStick Analysis Neutral
Date Candle
28 Nov 2012 DOJI

Open Gaps
Direction Date Range
down 15 Oct 2012 9.37 to 9.36
down 7 Sept 2012 12.1 to 10.97

Support and Resistance
Type Value Conf.
resist. 12.57 2
resist. 11.79 2
resist. 11.29 4
resist. 10.96 3
resist. 10.72 2
resist. 10.33 2
resist. 10.13 2
resist. 9.84 8
supp 9.24 8
supp 8.81 6
supp 8.49 4
supp 8.17 3
supp 7.18 2
Technical Indicators
Ind. Short Inter Long
EMA VBu Bu N
MACD N VBe VBe
RSI Bu
TDD Bu
Fibs Bu Be Be
Highs VBe N Bu
Lows Be N Be
Trends N VBe N
Stoch. VBu
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish