This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. PINS's industry had an average PEG ratio of 1.71 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. We can also see that PINS currently has a PEG ratio of 1.57. For comparison, its industry has an average Forward P/E of 40.21, which means Pinterest is trading at a discount to the group. Valuation is also important, so investors should note that Pinterest has a Forward P/E ratio of 33.12 right now. Pinterest is currently a Zacks Rank #3 (Hold). ![]() The Zacks Consensus EPS estimate has moved 16.67% higher within the past month. 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. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These recent revisions tend to reflect the evolving nature of short-term business trends. Our most recent consensus estimate is calling for quarterly revenue of $595.34 million, up 3.56% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $0.75 per share and revenue of $3.09 billion, which would represent changes of +20.97% and +10.1%, respectively, from the prior year.Īny recent changes to analyst estimates for Pinterest should also be noted by investors. On that day, Pinterest is projected to report earnings of $0 per share, which would represent a year-over-year decline of 100%. Investors will be hoping for strength from Pinterest as it approaches its next earnings release. This has lagged the Computer and Technology sector's loss of 3.99% and the S&P 500's loss of 3.91% in that time. Prior to today's trading, shares of the digital pinboard and shopping tool company had lost 6.48% over the past month. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%. The stock outpaced the S&P 500's daily gain of 0.76%. View source version on businesswire.Pinterest (PINS) closed at $25.34 in the latest trading session, marking a +1.48% move from the prior day. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 460 million monthly active users worldwide. People have saved more than 390 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. ![]() Pinterest is the daily visual inspiration platform people around the world use to shop products personalized to their taste, find ideas to do offline and discover the most inspiring content. Accordingly, investors should monitor the company’s Investor Relations website, in addition to following the company’s press releases, SEC filings, public conference calls, presentations and webcasts. Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. A replay of the webcast will be available through the same link following the conference call. ET) on the same day.Ī live webcast of the conference call and related earnings release materials can be accessed on Pinterest’s Investor Relations website at. ![]() The company will host a Q&A conference call to discuss these results at 1:30 p.m. (NYSE: PINS) will release financial results for the second quarter 2023 on Tuesday, August 1st, 2023 after market close. SAN FRANCISCO, July 18, 2023-( BUSINESS WIRE)-Pinterest, Inc.
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