We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Pinterest (PINS) Stock Moves -0.54%: What You Should Know
Read MoreHide Full Article
The most recent trading session ended with Pinterest (PINS - Free Report) standing at $35.13, reflecting a -0.54% shift from the previouse trading day's closing. This change was narrower than the S&P 500's 0.72% loss on the day. At the same time, the Dow lost 1%, and the tech-heavy Nasdaq lost 0.95%.
The digital pinboard and shopping tool company's shares have seen a decrease of 2.97% over the last month, not keeping up with the Computer and Technology sector's gain of 2.34% and the S&P 500's gain of 2.16%.
The investment community will be paying close attention to the earnings performance of Pinterest in its upcoming release. The company is predicted to post an EPS of $0.14, indicating a 75% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $699.44 million, up 16.07% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.34 per share and a revenue of $3.58 billion, representing changes of +22.94% and +17.32%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Pinterest. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Pinterest boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, Pinterest is currently exchanging hands at a Forward P/E ratio of 26.42. Its industry sports an average Forward P/E of 29.23, so one might conclude that Pinterest is trading at a discount comparatively.
We can additionally observe that PINS currently boasts a PEG ratio of 1.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.92 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pinterest (PINS) Stock Moves -0.54%: What You Should Know
The most recent trading session ended with Pinterest (PINS - Free Report) standing at $35.13, reflecting a -0.54% shift from the previouse trading day's closing. This change was narrower than the S&P 500's 0.72% loss on the day. At the same time, the Dow lost 1%, and the tech-heavy Nasdaq lost 0.95%.
The digital pinboard and shopping tool company's shares have seen a decrease of 2.97% over the last month, not keeping up with the Computer and Technology sector's gain of 2.34% and the S&P 500's gain of 2.16%.
The investment community will be paying close attention to the earnings performance of Pinterest in its upcoming release. The company is predicted to post an EPS of $0.14, indicating a 75% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $699.44 million, up 16.07% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.34 per share and a revenue of $3.58 billion, representing changes of +22.94% and +17.32%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Pinterest. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Pinterest boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, Pinterest is currently exchanging hands at a Forward P/E ratio of 26.42. Its industry sports an average Forward P/E of 29.23, so one might conclude that Pinterest is trading at a discount comparatively.
We can additionally observe that PINS currently boasts a PEG ratio of 1.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.92 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.