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Pinterest (PINS) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, Pinterest (PINS - Free Report) closed at $19.50, marking a -3.8% move from the previous day. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq lost 1.33%.
The digital pinboard and shopping tool company's shares have seen an increase of 5.08% over the last month, surpassing the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
Investors will be eagerly watching for the performance of Pinterest in its upcoming earnings disclosure. On that day, Pinterest is projected to report earnings of $0.36 per share, which would represent year-over-year growth of 9.09%. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, up 15.34% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.91 per share and a revenue of $4.86 billion, signifying shifts of +19.38% and +15.03%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pinterest. These recent revisions tend to reflect the evolving nature of short-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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has moved 5.27% lower. Pinterest presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Pinterest currently has a Forward P/E ratio of 10.6. This indicates a discount in contrast to its industry's Forward P/E of 18.33.
Investors should also note that PINS has a PEG ratio of 0.39 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 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.
To follow PINS in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Pinterest (PINS) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, Pinterest (PINS - Free Report) closed at $19.50, marking a -3.8% move from the previous day. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq lost 1.33%.
The digital pinboard and shopping tool company's shares have seen an increase of 5.08% over the last month, surpassing the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
Investors will be eagerly watching for the performance of Pinterest in its upcoming earnings disclosure. On that day, Pinterest is projected to report earnings of $0.36 per share, which would represent year-over-year growth of 9.09%. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, up 15.34% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.91 per share and a revenue of $4.86 billion, signifying shifts of +19.38% and +15.03%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pinterest. These recent revisions tend to reflect the evolving nature of short-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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has moved 5.27% lower. Pinterest presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Pinterest currently has a Forward P/E ratio of 10.6. This indicates a discount in contrast to its industry's Forward P/E of 18.33.
Investors should also note that PINS has a PEG ratio of 0.39 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 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.
To follow PINS in the coming trading sessions, be sure to utilize Zacks.com.