![]() ![]() While Pinterest has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Pinterest shares have lost about 24.8% since the beginning of the year versus the S&P 500's decline of -3.7%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $705.62 million. Pins earnings software#Pinterest, which belongs to the Zacks Internet - Software industry, posted revenues of $846.66 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.86%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.24 per share when it actually produced earnings of $0.28, delivering a surprise of 16.67%. This quarterly report represents an earnings surprise of 8.89%. ![]() These figures are adjusted for non-recurring items. This compares to earnings of $0.43 per share a year ago. Pins earnings free#By comparison, the stated earnings for the previous quarter ended on were $0.49 per share as compared to estimates of $0.45 per share, a difference of $0.04 representing a surprise of 8.90%.Pinterest ( PINS Quick Quote PINS - Free Report) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.45 per share. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.06 and a surprise factor of 150.00%. reported earnings per share of $0.1 for its fiscal quarter that ended on. ![]() However, for the 1st resistance point, the stock is sitting at 24.01, and for the 2nd resistance point, it is at 24.56. The company’s stock is currently sitting at 22.84 points at the first support level, and at 22.22 for the second support level. Gross Margin for this corporation currently stands at +79.47% with Operating Margin at +12.65%, Pretax Margin comes in at +12.45%, and Net Margin reading is +12.27%.īefore buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. Analyzing the PINS fundamentalsįor Apple Inc, (PINS), the latest quarter sales were 665.93 billion, which represents an 8.60% increase. ![]() An investor can expect a potential return of 7.46% based on the average price forecast. shares were valued at $23.47 at the most recent close of the market. Currently, Wall Street analysts expect the stock to reach $25.22 within the next 12 months. Through the last year, Pinterest Inc.’s stock price ranged from $16.14 to $66.00. In a note dated March 17, 2022, Cleveland Research downgraded an Neutral rating on this stock. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 29, 2022, and downed its price target to $30. Rosenblatt initiated its recommendation with a Neutral and recommended $21 as its price target on April 19, 2022. On June 02, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $23 on the stock. Previously, Susquehanna upgraded its rating to Positive on August 02, 2022, and elevated its price target to $35. stock has seen the most recent analyst activity on September 07, 2022, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $28 for it. (NYSE: PINS) announced today that Bill Ready, CEO and Todd Morgenfeld, CFO and Head of Business Operations, will participate in the Goldman Sachs Communacopia + Technology Conference on Septemat 3:45 pm PT (6:45 pm ET). In a post published today on Yahoo Finance, Pinterest, Inc. On 23, August 2022, Pinterest to Participate in the Goldman Sachs Communacopia + Technology Conference. Sign up here to get your free report now. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. ![]()
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