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Pinterest (PINS) Registers a Bigger Fall Than the Market: Important Facts to Note
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Pinterest (PINS - Free Report) closed at $17.62 in the latest trading session, marking a -1.78% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.11% for the day. Elsewhere, the Dow saw a downswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.35%.
The digital pinboard and shopping tool company's shares have seen a decrease of 0.83% over the last month, not keeping up with the Computer and Technology sector's gain of 0.88% and the S&P 500's gain of 0.51%.
The investment community will be paying close attention to the earnings performance of Pinterest in its upcoming release. The company's upcoming EPS is projected at $0.22, signifying a 4.35% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $963.1 million, indicating a 12.64% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.76 per share and revenue of $4.77 billion, indicating changes of +10% and +13.02%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Pinterest. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.63% higher. Pinterest is currently a Zacks Rank #4 (Sell).
Looking at valuation, Pinterest is presently trading at a Forward P/E ratio of 10.22. For comparison, its industry has an average Forward P/E of 17.88, which means Pinterest is trading at a discount to the group.
It is also worth noting that PINS currently has a PEG ratio of 0.42. 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. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Pinterest (PINS) Registers a Bigger Fall Than the Market: Important Facts to Note
Pinterest (PINS - Free Report) closed at $17.62 in the latest trading session, marking a -1.78% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.11% for the day. Elsewhere, the Dow saw a downswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.35%.
The digital pinboard and shopping tool company's shares have seen a decrease of 0.83% over the last month, not keeping up with the Computer and Technology sector's gain of 0.88% and the S&P 500's gain of 0.51%.
The investment community will be paying close attention to the earnings performance of Pinterest in its upcoming release. The company's upcoming EPS is projected at $0.22, signifying a 4.35% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $963.1 million, indicating a 12.64% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.76 per share and revenue of $4.77 billion, indicating changes of +10% and +13.02%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Pinterest. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.63% higher. Pinterest is currently a Zacks Rank #4 (Sell).
Looking at valuation, Pinterest is presently trading at a Forward P/E ratio of 10.22. For comparison, its industry has an average Forward P/E of 17.88, which means Pinterest is trading at a discount to the group.
It is also worth noting that PINS currently has a PEG ratio of 0.42. 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. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.