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Pinterest (PINS) Stock Drops Despite Market Gains: Important Facts to Note
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Pinterest (PINS - Free Report) ended the recent trading session at $26.79, demonstrating a -1.03% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.6%, and the Nasdaq, a tech-heavy index, added 0.25%.
The stock of digital pinboard and shopping tool company has risen by 4.6% in the past month, leading the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
Market participants will be closely following the financial results of Pinterest in its upcoming release. The company is predicted to post an EPS of $0.67, indicating a 19.64% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.33 billion, reflecting a 15.15% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.62 per share and a revenue of $4.23 billion, indicating changes of +25.58% and 0%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Pinterest. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.99% upward. Pinterest presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Pinterest is currently being traded at a Forward P/E ratio of 14.37. Its industry sports an average Forward P/E of 23.72, so one might conclude that Pinterest is trading at a discount comparatively.
One should further note that PINS currently holds a PEG ratio of 0.52. 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 had an average PEG ratio of 1.43 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Pinterest (PINS) Stock Drops Despite Market Gains: Important Facts to Note
Pinterest (PINS - Free Report) ended the recent trading session at $26.79, demonstrating a -1.03% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.6%, and the Nasdaq, a tech-heavy index, added 0.25%.
The stock of digital pinboard and shopping tool company has risen by 4.6% in the past month, leading the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
Market participants will be closely following the financial results of Pinterest in its upcoming release. The company is predicted to post an EPS of $0.67, indicating a 19.64% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.33 billion, reflecting a 15.15% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.62 per share and a revenue of $4.23 billion, indicating changes of +25.58% and 0%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Pinterest. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.99% upward. Pinterest presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Pinterest is currently being traded at a Forward P/E ratio of 14.37. Its industry sports an average Forward P/E of 23.72, so one might conclude that Pinterest is trading at a discount comparatively.
One should further note that PINS currently holds a PEG ratio of 0.52. 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 had an average PEG ratio of 1.43 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.