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Pinterest (PINS) Surpasses Market Returns: Some Facts Worth Knowing
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Pinterest (PINS - Free Report) closed the most recent trading day at $26.56, moving +2.59% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.19%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
The digital pinboard and shopping tool company's stock has dropped by 4.92% in the past month, falling short of the Computer and Technology sector's gain of 0.02% and the S&P 500's gain of 0.54%.
The upcoming earnings release of Pinterest will be of great interest to investors. The company is expected to report EPS of $0.68, up 21.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.33 billion, up 15.15% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.62 per share and revenue of $4.23 billion, which would represent changes of +25.58% and 0%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pinterest. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.71% increase. Pinterest currently has a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Pinterest is holding a Forward P/E ratio of 13.74. Its industry sports an average Forward P/E of 24.2, so one might conclude that Pinterest is trading at a discount comparatively.
Investors should also note that PINS has a PEG ratio of 0.5 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.54 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Pinterest (PINS) Surpasses Market Returns: Some Facts Worth Knowing
Pinterest (PINS - Free Report) closed the most recent trading day at $26.56, moving +2.59% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.19%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
The digital pinboard and shopping tool company's stock has dropped by 4.92% in the past month, falling short of the Computer and Technology sector's gain of 0.02% and the S&P 500's gain of 0.54%.
The upcoming earnings release of Pinterest will be of great interest to investors. The company is expected to report EPS of $0.68, up 21.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.33 billion, up 15.15% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.62 per share and revenue of $4.23 billion, which would represent changes of +25.58% and 0%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pinterest. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.71% increase. Pinterest currently has a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Pinterest is holding a Forward P/E ratio of 13.74. Its industry sports an average Forward P/E of 24.2, so one might conclude that Pinterest is trading at a discount comparatively.
Investors should also note that PINS has a PEG ratio of 0.5 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.54 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.