Pandora Media First Quarter Earnings Sneak Peek

Pandora Media Inc. (NYSE:P) will unveil its latest earnings on Wednesday, May 23, 2012. Pandora Media operates as an Internet radio company in the United States. It provides its radio service to traditional computers, Android phones, Blackberry phones, and the iPhone.

Pandora Media Inc. Earnings Preview Cheat Sheet

During the past three months, the average estimate has moved down from a loss of 2 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 18 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by one cent, coming in at a loss of 5 cents per share against a mean estimate of net loss of 2 cents. The company topped expectations in the third quarter of the last fiscal year.

Investing Insights: What’s the Future of Microsoft’s Stock?

Analyst Ratings: Of the 17 analysts surveyed, 11 (64.7%) rate Pandora Media a buy. This is below the mean analyst rating of nine competitors, which average 77.7% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $8.2 million (6 cents a share) from a loss of $1.4 million (one cent) a year earlier, missing analyst expectations. Revenue rose 70.7% to $81.3 million from $47.6 million.

Stock Price Performance: From April 19, 2012 to May 17, 2012, the stock price rose $1.83 (21.1%), from $8.69 to $10.52. The stock price saw one of its best stretches over the last year between September 21, 2011 and September 30, 2011, when shares rose for eight straight days, increasing 46.4% (+$4.64) over that span. It saw one of its worst periods between July 21, 2011 and August 3, 2011 when shares fell for 10 straight days, dropping 28.5% (-$5.35) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

What are Hedge Funds Doing With Gold?

Is Starbucks Brewing Up Trouble With Its Alcoholic Drinks?>>

Will Facebook Measure Up to Titan Internet IPOs?>>