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Pinterest (PINS) Stock Declines While Market Improves: Some Information for Investors
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Pinterest (PINS - Free Report) closed the most recent trading day at $21.03, moving -3.88% from the previous trading session. This change lagged the S&P 500's 0.79% gain on the day. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 1.52%.
The digital pinboard and shopping tool company's stock has climbed by 2.48% in the past month, exceeding the Computer and Technology sector's loss of 4.61% and the S&P 500's loss of 1.82%.
The investment community will be closely monitoring the performance of Pinterest in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.36, marking a 9.09% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.15 billion, showing a 15.34% escalation compared to the year-ago 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.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 5.41% downward. Pinterest presently features a Zacks Rank of #3 (Hold).
Investors should also note Pinterest's current valuation metrics, including its Forward P/E ratio of 11.44. This denotes a discount relative to the industry average Forward P/E of 18.89.
We can additionally observe that PINS currently boasts a PEG ratio of 0.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.06 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Pinterest (PINS) Stock Declines While Market Improves: Some Information for Investors
Pinterest (PINS - Free Report) closed the most recent trading day at $21.03, moving -3.88% from the previous trading session. This change lagged the S&P 500's 0.79% gain on the day. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 1.52%.
The digital pinboard and shopping tool company's stock has climbed by 2.48% in the past month, exceeding the Computer and Technology sector's loss of 4.61% and the S&P 500's loss of 1.82%.
The investment community will be closely monitoring the performance of Pinterest in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.36, marking a 9.09% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.15 billion, showing a 15.34% escalation compared to the year-ago 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.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 5.41% downward. Pinterest presently features a Zacks Rank of #3 (Hold).
Investors should also note Pinterest's current valuation metrics, including its Forward P/E ratio of 11.44. This denotes a discount relative to the industry average Forward P/E of 18.89.
We can additionally observe that PINS currently boasts a PEG ratio of 0.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.06 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.