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Pinterest (PINS) Outpaces Stock Market Gains: What You Should Know
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Pinterest (PINS - Free Report) closed at $76.99 in the latest trading session, marking a +1.46% move from the prior day. This change outpaced the S&P 500's 1.13% gain on the day.
Coming into today, shares of the digital pinboard and shopping tool company had gained 11.18% in the past month. In that same time, the Computer and Technology sector gained 4.4%, while the S&P 500 gained 2.39%.
PINS will be looking to display strength as it nears its next earnings release, which is expected to be July 29, 2021. In that report, analysts expect PINS to post earnings of $0.13 per share. This would mark year-over-year growth of 285.71%. Meanwhile, our latest consensus estimate is calling for revenue of $560.73 million, up 105.78% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.97 per share and revenue of $2.61 billion, which would represent changes of +130.95% and +54.46%, respectively, from the prior year.
Any recent changes to analyst estimates for PINS should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PINS is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, PINS is holding a Forward P/E ratio of 77.96. This represents a premium compared to its industry's average Forward P/E of 61.33.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 213, which puts it in the bottom 17% 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.
To follow PINS in the coming trading sessions, be sure to utilize Zacks.com.
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Pinterest (PINS) Outpaces Stock Market Gains: What You Should Know
Pinterest (PINS - Free Report) closed at $76.99 in the latest trading session, marking a +1.46% move from the prior day. This change outpaced the S&P 500's 1.13% gain on the day.
Coming into today, shares of the digital pinboard and shopping tool company had gained 11.18% in the past month. In that same time, the Computer and Technology sector gained 4.4%, while the S&P 500 gained 2.39%.
PINS will be looking to display strength as it nears its next earnings release, which is expected to be July 29, 2021. In that report, analysts expect PINS to post earnings of $0.13 per share. This would mark year-over-year growth of 285.71%. Meanwhile, our latest consensus estimate is calling for revenue of $560.73 million, up 105.78% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.97 per share and revenue of $2.61 billion, which would represent changes of +130.95% and +54.46%, respectively, from the prior year.
Any recent changes to analyst estimates for PINS should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PINS is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, PINS is holding a Forward P/E ratio of 77.96. This represents a premium compared to its industry's average Forward P/E of 61.33.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 213, which puts it in the bottom 17% 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.
To follow PINS in the coming trading sessions, be sure to utilize Zacks.com.