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Pinterest (PINS) Outpaces Stock Market Gains: What You Should Know
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Pinterest (PINS - Free Report) closed at $50.36 in the latest trading session, marking a +0.72% move from the prior day. This move outpaced the S&P 500's daily gain of 0.41%.
Heading into today, shares of the digital pinboard and shopping tool company had lost 10.3% over the past month, lagging the Computer and Technology sector's loss of 7.83% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from PINS as it approaches its next earnings release. In that report, analysts expect PINS to post earnings of $0.24 per share. This would mark year-over-year growth of 84.62%. Our most recent consensus estimate is calling for quarterly revenue of $627.57 million, up 41.79% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.09 per share and revenue of $2.65 billion, which would represent changes of +159.52% and +56.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PINS. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 currently a Zacks Rank #3 (Hold).
In terms of valuation, PINS is currently trading at a Forward P/E ratio of 45.73. This represents a discount compared to its industry's average Forward P/E of 57.1.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Pinterest (PINS) Outpaces Stock Market Gains: What You Should Know
Pinterest (PINS - Free Report) closed at $50.36 in the latest trading session, marking a +0.72% move from the prior day. This move outpaced the S&P 500's daily gain of 0.41%.
Heading into today, shares of the digital pinboard and shopping tool company had lost 10.3% over the past month, lagging the Computer and Technology sector's loss of 7.83% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from PINS as it approaches its next earnings release. In that report, analysts expect PINS to post earnings of $0.24 per share. This would mark year-over-year growth of 84.62%. Our most recent consensus estimate is calling for quarterly revenue of $627.57 million, up 41.79% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.09 per share and revenue of $2.65 billion, which would represent changes of +159.52% and +56.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PINS. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 currently a Zacks Rank #3 (Hold).
In terms of valuation, PINS is currently trading at a Forward P/E ratio of 45.73. This represents a discount compared to its industry's average Forward P/E of 57.1.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.