The introduction of various brands on board will expand the advertiser’s capability to connect with users who have high commercial intent, thereby unlocking new avenues for growth and engagement. The partnership is a step forward in Pinterest’s broader goals of making each Pin a shoppable opportunity. Factors at Playĭuring the quarter, Pinterest revealed that it has selected Amazon as its first partner to introduce third-party ads on the platform. Several initiatives aimed at supporting creators by improving comprehensiveness and shoppability on the platform, along with the introduction of new tools to boost advertisers’ capabilities to enhance reach and improve monetization, are expected to have resulted in higher revenues year over year. The company pulled off a trailing four-quarter earnings surprise of 29.43%, on average. PINS is scheduled to report second-quarter 2023 results on Aug 1, after the closing bell. To read this article on click here.Pinterest, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 92, putting it in the top 37% 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 1.77 as of yesterday's close. 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. Meanwhile, PINS's PEG ratio is currently 1.68. Its industry sports an average Forward P/E of 40.81, so we one might conclude that Pinterest is trading at a discount comparatively. In terms of valuation, Pinterest is currently trading at a Forward P/E ratio of 35.54. Pinterest is currently sporting a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate has moved 4.17% higher within the past month. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors should also note any recent changes to analyst estimates for Pinterest. These results would represent year-over-year changes of +27.42% and +7.74%, respectively. PINS's full-year Zacks Consensus Estimates are calling for earnings of $0.79 per share and revenue of $3.02 billion. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $698.04 million, up 4.82% from the year-ago period. ![]() ![]() On that day, Pinterest is projected to report earnings of $0.12 per share, which would represent year-over-year growth of 9.09%. Investors will be hoping for strength from Pinterest as it approaches its next earnings release. This has outpaced the Computer and Technology sector's gain of 3.21% and the S&P 500's gain of 4.25% in that time. Prior to today's trading, shares of the digital pinboard and shopping tool company had gained 17.54% over the past month. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.99%. This move lagged the S&P 500's daily gain of 0.45%. Pinterest (PINS) closed the most recent trading day at $27.64, moving -1.78% from the previous trading session.
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