Pinterest is about to release its first earnings report as a public company

Reuters

• Pinterest is set to release its first quarterly report as a public company on Thursday afternoon.
• Since the visual-bookmarking's public debut one month ago, shares have risen 60%.
• Watch Pinterest trade live.

Pinterest is set to report its first-quarter results on Thursday afternoon - its first quarterly report as a public company.

Analysts expect the visual-bookmarking platform, one of a slew of young, money-losing technology companies to hit the market this year, to report a loss on just over $200 million in sales.

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Wall Street is generally concerned about two things when it comes to Pinterest, which debuted one month ago: its path to profitability, and how the platform can compete for digital advertisement dollars against other giants like Facebook and Google.

"Despite strong fundamentals & a promising runway for future growth, we see the current risk/reward on shares as balanced given the stock performance & valuation since IPO," UBS analysts wrote on Monday.

"Risk factors include competition for digital advertising budgets, the path to profitability in coming years (compared to current margin structure) & dual-class stock structure and management stability."

Here's what analysts polled by Bloomberg are expecting:

• Revenue: $200.8 million
• Adjusted loss per share: $0.10
• EBITDA: -$42.1 million.

The company's "quiet period" ended earlier this week, ushering in a deluge of Wall Street commentary that reflected a pretty lukewarm view. In their reports, some analysts cautioned that Pinterest's valuation is a bit too rich.

"We are very constructive on PINS position in mobile advertising and the company's growth and margin cadence," Barclays analysts wrote in a Monday note to clients. "The only thing giving us pause is the current 12x 2020 revenue multiple and the track record of mobile advertising IPOs chopping around for a bit after the initial post IPO pop."

Read more: Pinterest, the latest unicorn to hit the public market, jumps 25% in its trading debut

The firm carries a $28 price target on the name and an "equal-weight" view.

Wall Street is mostly neutral on the name. Of the analysts surveyed by Bloomberg, 12 recommend "hold," five say "buy," and just one recommends "sell."

Looking to the next three quarters, analysts expect further losses on increasing revenue.

Pinterest surged 7% om Thursday to their highest level in two weeks. Shares are up 60% since IPOing on April 18.

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