Forbes Earnings Preview: Pandora

By Narrative Science

Pandora's (P) stock closed at $10.52 on May 17, 2012, down 18.4% since February 21, 2012. Pandora tries to reverse the slide when it reports first quarter earnings on Wednesday, May 23, 2012.

What to Expect:

The consensus estimate hasn't changed over the past month, but it's down from three months ago when it was a loss of 2 cents. Analysts are projecting a loss of 16 cents per share for the fiscal year.

Revenue is projected to be $74.3 million for the quarter, 45.7% above the year-earlier total of $51 million. For the year, revenue is expected to come in at $416.5 million.

Analyst Ratings:

The majority of analysts (64.7%) rate Pandora as a buy. That percentage is still below the mean analyst rating of its nearest nine competitors, which average 77.7% buys. Analyst sentiment has improved recently, as the number of buy ratings has risen slightly over the past three months.

Earnings estimates provided by Zacks.

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