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Pinterest (PINS) International Revenue Performance Explored
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Have you assessed how the international operations of Pinterest (PINS - Free Report) performed in the quarter ended March 2024? For this digital pinboard and shopping tool company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.
In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
Upon examining PINS' recent quarterly performance, we noticed several interesting patterns in the revenue generated from its international segments, which are commonly analyzed and observed by Wall Street experts.
The company's total revenue for the quarter stood at $739.98 million, increasing 22.8% year over year. Now, let's delve into PINS' international revenue breakdown to gain insights into the significance of its operations beyond home turf.
Unveiling Trends in PINS' International Revenues
Europe accounted for 16.0% of the company's total revenue during the quarter, translating to $118 million. Revenues from this region represented a surprise of -1.1%, with Wall Street analysts collectively expecting $119.32 million. When compared to the preceding quarter and the same quarter in the previous year, Europe contributed $162 million (16.5%) and $93 million (15.4%) to the total revenue, respectively.
During the quarter, Rest of World contributed $30 million in revenue, making up 4.1% of the total revenue. When compared to the consensus estimate of $31.31 million, this meant a surprise of -4.17%. Looking back, Rest of World contributed $41 million, or 4.2%, in the previous quarter, and $24 million, or 4%, in the same quarter of the previous year.
Revenue Projections for Overseas Markets
The current fiscal quarter's total revenue for Pinterest, as projected by Wall Street analysts, is expected to reach $847.5 million, reflecting an increase of 19.7% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: Europe is anticipated to contribute 17.2% or $146.01 million and Rest of World 4.5% or $37.78 million.
For the full year, a total revenue of $3.66 billion is expected for the company, reflecting an increase of 19.8% from the year before. The revenues from Europe and Rest of World are expected to make up 16.8% and 4.4% of this total, corresponding to $614.31 million and $159.59 million respectively.
In Conclusion
Relying on global markets for revenues presents both prospects and challenges for Pinterest. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.
With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - harnesses the power of earnings estimate revisions and serves as an effective indicator of a stock's near-term price performance.
The stock has witnessed an increase of 17.9% over the past month versus the Zacks S&P 500 composite's a decrease of 1.6%. In the same interval, the Zacks Computer and Technology sector, to which Pinterest belongs, has registered a decrease of 0.7%. Over the past three months, the company's shares saw an increase of 9.6%, while the S&P 500 increased by 3.8%. In comparison, the sector experienced an increase of 4.2% during this timeframe.
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Pinterest (PINS) International Revenue Performance Explored
Have you assessed how the international operations of Pinterest (PINS - Free Report) performed in the quarter ended March 2024? For this digital pinboard and shopping tool company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.
In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
Upon examining PINS' recent quarterly performance, we noticed several interesting patterns in the revenue generated from its international segments, which are commonly analyzed and observed by Wall Street experts.
The company's total revenue for the quarter stood at $739.98 million, increasing 22.8% year over year. Now, let's delve into PINS' international revenue breakdown to gain insights into the significance of its operations beyond home turf.
Unveiling Trends in PINS' International Revenues
Europe accounted for 16.0% of the company's total revenue during the quarter, translating to $118 million. Revenues from this region represented a surprise of -1.1%, with Wall Street analysts collectively expecting $119.32 million. When compared to the preceding quarter and the same quarter in the previous year, Europe contributed $162 million (16.5%) and $93 million (15.4%) to the total revenue, respectively.
During the quarter, Rest of World contributed $30 million in revenue, making up 4.1% of the total revenue. When compared to the consensus estimate of $31.31 million, this meant a surprise of -4.17%. Looking back, Rest of World contributed $41 million, or 4.2%, in the previous quarter, and $24 million, or 4%, in the same quarter of the previous year.
Revenue Projections for Overseas Markets
The current fiscal quarter's total revenue for Pinterest, as projected by Wall Street analysts, is expected to reach $847.5 million, reflecting an increase of 19.7% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: Europe is anticipated to contribute 17.2% or $146.01 million and Rest of World 4.5% or $37.78 million.
For the full year, a total revenue of $3.66 billion is expected for the company, reflecting an increase of 19.8% from the year before. The revenues from Europe and Rest of World are expected to make up 16.8% and 4.4% of this total, corresponding to $614.31 million and $159.59 million respectively.
In Conclusion
Relying on global markets for revenues presents both prospects and challenges for Pinterest. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.
With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - harnesses the power of earnings estimate revisions and serves as an effective indicator of a stock's near-term price performance.
Currently, Pinterest holds a Zacks Rank #2 (Buy), signifying its potential to outperform the overall market's performance in the forthcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Reviewing Pinterest's Recent Stock Price Trends
The stock has witnessed an increase of 17.9% over the past month versus the Zacks S&P 500 composite's a decrease of 1.6%. In the same interval, the Zacks Computer and Technology sector, to which Pinterest belongs, has registered a decrease of 0.7%. Over the past three months, the company's shares saw an increase of 9.6%, while the S&P 500 increased by 3.8%. In comparison, the sector experienced an increase of 4.2% during this timeframe.