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Pinterest (PINS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Pinterest (PINS - Free Report) closed the most recent trading day at $18.76, moving -4.75% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Shares of the digital pinboard and shopping tool company witnessed a loss of 14.65% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.27%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Pinterest in its upcoming release. It is anticipated that the company will report an EPS of $0.49, marking a 28.95% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.2 billion, showing a 14.35% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.06 per share and revenue of $4.89 billion, which would represent changes of +28.75% and +15.9%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pinterest. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, 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, there's been a 6.33% fall in the Zacks Consensus EPS estimate. Pinterest is currently a Zacks Rank #3 (Hold).
In terms of valuation, Pinterest is presently being traded at a Forward P/E ratio of 9.57. This expresses a discount compared to the average Forward P/E of 20.2 of its industry.
Also, we should mention that PINS has a PEG ratio of 0.36. 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 1.16 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Pinterest (PINS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Pinterest (PINS - Free Report) closed the most recent trading day at $18.76, moving -4.75% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Shares of the digital pinboard and shopping tool company witnessed a loss of 14.65% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.27%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Pinterest in its upcoming release. It is anticipated that the company will report an EPS of $0.49, marking a 28.95% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.2 billion, showing a 14.35% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.06 per share and revenue of $4.89 billion, which would represent changes of +28.75% and +15.9%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pinterest. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, 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, there's been a 6.33% fall in the Zacks Consensus EPS estimate. Pinterest is currently a Zacks Rank #3 (Hold).
In terms of valuation, Pinterest is presently being traded at a Forward P/E ratio of 9.57. This expresses a discount compared to the average Forward P/E of 20.2 of its industry.
Also, we should mention that PINS has a PEG ratio of 0.36. 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 1.16 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.