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Pinterest (PINS) Rises As Market Takes a Dip: Key Facts
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Pinterest (PINS - Free Report) closed at $18.01 in the latest trading session, marking a +1.41% move from the prior day. This move outpaced the S&P 500's daily loss of 0.4%. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.73%.
Heading into today, shares of the digital pinboard and shopping tool company had gained 3.68% over the past month, outpacing the Computer and Technology sector's loss of 8.37% and the S&P 500's loss of 7.34%.
The upcoming earnings release of Pinterest will be of great interest to investors. In that report, analysts expect Pinterest to post earnings of $0.22 per share. This would mark a year-over-year decline of 4.35%. In the meantime, our current consensus estimate forecasts the revenue to be $961.89 million, indicating a 12.5% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.75 per share and a revenue of $4.78 billion, signifying shifts of +9.38% and +13.15%, respectively, from the last 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 business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. As of now, Pinterest holds a Zacks Rank of #4 (Sell).
In the context of valuation, Pinterest is at present trading with a Forward P/E ratio of 10.13. This denotes a discount relative to the industry average Forward P/E of 18.36.
It is also worth noting that PINS currently has a PEG ratio of 0.41. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Software stocks are, on average, holding a PEG ratio of 1.02 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Rises As Market Takes a Dip: Key Facts
Pinterest (PINS - Free Report) closed at $18.01 in the latest trading session, marking a +1.41% move from the prior day. This move outpaced the S&P 500's daily loss of 0.4%. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.73%.
Heading into today, shares of the digital pinboard and shopping tool company had gained 3.68% over the past month, outpacing the Computer and Technology sector's loss of 8.37% and the S&P 500's loss of 7.34%.
The upcoming earnings release of Pinterest will be of great interest to investors. In that report, analysts expect Pinterest to post earnings of $0.22 per share. This would mark a year-over-year decline of 4.35%. In the meantime, our current consensus estimate forecasts the revenue to be $961.89 million, indicating a 12.5% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.75 per share and a revenue of $4.78 billion, signifying shifts of +9.38% and +13.15%, respectively, from the last 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 business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. As of now, Pinterest holds a Zacks Rank of #4 (Sell).
In the context of valuation, Pinterest is at present trading with a Forward P/E ratio of 10.13. This denotes a discount relative to the industry average Forward P/E of 18.36.
It is also worth noting that PINS currently has a PEG ratio of 0.41. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Software stocks are, on average, holding a PEG ratio of 1.02 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.