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Pinterest (PINS) Gains As Market Dips: What You Should Know
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Pinterest (PINS - Free Report) ended the recent trading session at $18.89, demonstrating a +1.89% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
The digital pinboard and shopping tool company's stock has dropped by 12.75% in the past month, falling short of the Computer and Technology sector's gain of 4% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Pinterest will be of great interest to investors. It is anticipated that the company will report an EPS of $0.5, marking a 31.58% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.2 billion, up 14.42% from the year-ago period.
PINS's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $4.89 billion. These results would represent year-over-year changes of +28.75% and +15.93%, respectively.
It is also important to note the recent changes to analyst estimates for Pinterest. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Pinterest currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Pinterest currently has a Forward P/E ratio of 9.01. This represents a discount compared to its industry average Forward P/E of 18.78.
Also, we should mention that PINS has a PEG ratio of 0.34. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. PINS's industry had an average PEG ratio of 1.15 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Pinterest (PINS) Gains As Market Dips: What You Should Know
Pinterest (PINS - Free Report) ended the recent trading session at $18.89, demonstrating a +1.89% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
The digital pinboard and shopping tool company's stock has dropped by 12.75% in the past month, falling short of the Computer and Technology sector's gain of 4% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Pinterest will be of great interest to investors. It is anticipated that the company will report an EPS of $0.5, marking a 31.58% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.2 billion, up 14.42% from the year-ago period.
PINS's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $4.89 billion. These results would represent year-over-year changes of +28.75% and +15.93%, respectively.
It is also important to note the recent changes to analyst estimates for Pinterest. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Pinterest currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Pinterest currently has a Forward P/E ratio of 9.01. This represents a discount compared to its industry average Forward P/E of 18.78.
Also, we should mention that PINS has a PEG ratio of 0.34. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. PINS's industry had an average PEG ratio of 1.15 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.