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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 the most recent trading day at $21.91, moving -3.52% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Prior to today's trading, shares of the digital pinboard and shopping tool company had gained 24.03% outpaced the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of Pinterest in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.5, showcasing a 31.58% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue 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. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Pinterest boasts a Zacks Rank of #4 (Sell).
With respect to valuation, Pinterest is currently being traded at a Forward P/E ratio of 11.04. This valuation marks a discount compared to its industry average Forward P/E of 21.23.
It is also worth noting that PINS currently has a PEG ratio of 0.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PINS's industry had an average PEG ratio of 1.25 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Pinterest (PINS) Registers a Bigger Fall Than the Market: Important Facts to Note
Pinterest (PINS - Free Report) closed the most recent trading day at $21.91, moving -3.52% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Prior to today's trading, shares of the digital pinboard and shopping tool company had gained 24.03% outpaced the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of Pinterest in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.5, showcasing a 31.58% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue 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. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Pinterest boasts a Zacks Rank of #4 (Sell).
With respect to valuation, Pinterest is currently being traded at a Forward P/E ratio of 11.04. This valuation marks a discount compared to its industry average Forward P/E of 21.23.
It is also worth noting that PINS currently has a PEG ratio of 0.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PINS's industry had an average PEG ratio of 1.25 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.