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Pinterest (PINS) Gains As Market Dips: What You Should Know
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In the latest trading session, Pinterest (PINS - Free Report) closed at $27.96, marking a +1.53% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.13%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the digital pinboard and shopping tool company had gained 15.71% over the past month, outpacing the Computer and Technology sector's gain of 3.92% and the S&P 500's gain of 4.13% in that time.
PINS will be looking to display strength as it nears its next earnings release.
It is also important to note the recent changes to analyst estimates for PINS. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.03% higher within the past month. PINS is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Pinterest (PINS) Gains As Market Dips: What You Should Know
In the latest trading session, Pinterest (PINS - Free Report) closed at $27.96, marking a +1.53% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.13%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the digital pinboard and shopping tool company had gained 15.71% over the past month, outpacing the Computer and Technology sector's gain of 3.92% and the S&P 500's gain of 4.13% in that time.
PINS will be looking to display strength as it nears its next earnings release.
It is also important to note the recent changes to analyst estimates for PINS. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.03% higher within the past month. PINS is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.