Pinterest Inc. (NYSE: PINS) is scheduled to release its first-quarter financial results after the markets close on Thursday. The consensus estimates call for a net loss of $0.11 per share and $200.61 million in revenue.
This will be the first financial report that Pinterest will make as a public company. In mid-April, Pinterest entered the market with a bang and has done very well since then, all things considering.
Pinterest operates a social media site that is similar to an online scrapbook. Basically, the firm allows users to create a compilation of images and other media according to their interests, hobbies and so on. Then users may share their media or “pins” with other users.
Some companies have taken advantage of Pinterest’s opportunities as a means to captivate hobbyists and grow their own customer bases. The company recently developed a “Buy” button on the site that allows users to purchase goods from other companies through the Pinterest site.
Excluding Thursday’s move, Pinterest has outperformed the broad markets, with its stock up about 17% since its IPO.
A few analysts weighed in on Pinterest ahead of the report:
- Robert Baird has an Outperform rating and a $36 price target.
- RBC has a Sector Perform rating with a $28 price target.
- Deutsche Bank has a Hold rating.
- Credit Suisse’s Neutral rating comes with a $28 target.
- UBS has a Neutral rating with a $31 price target.
- Merrill Lynch has a Neutral rating and a $32 target.
Shares of Pinterest were last seen up about 4% at $29.70 on Thursday, in a 52-week range of $28.47 to $29.88. The consensus price target is $27.97.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.