stock has been one of the better performers of the latest crop of tech IPOs. Now the company is set to release its first quarterly earnings report since going public on April 18.
Pinterest (ticker: PINS) is one of several tech unicorns—privately held companies valued at $1 billion or more—to go public this year. Shares closed 8.9% higher Tuesday afternoon at $28.99, about 53% higher than its IPO price of $19.
Here is a snapshot of Wall Street’s expectations and some recent history.
•Wall Street expects a loss of 11 cents a share in the first quarter and has an average analyst rating of Hold, according to FactSet.
•Before the initial public offerings, Barron’slaid out the stock’s prospects. Back then, Atlantic Equities analyst James Cordwell said he thinks Pinterest has a good shot of eventually hitting $3 billion in annual revenue, to become what he called a “second tier” platform like
stock stole the show when its shares soared 80% from its IPO price, raising its valuation to above $15 billion.
• Pinterest stock has traded as high as $35.19 since it started trading, but more recently has settled down to below $30.
• Three analysts initiated coverage of Pinterest with Neutral ratings on Monday.