Analysts on Wall Street project that Pinterest (PINS) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing a decline of 4.4% year over year. Revenues are projected to reach $963.8 million, increasing 12.7% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Pinterest metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Europe' of $179.51 million. The estimate indicates a change of +22.1% from the prior-year quarter.
The consensus among analysts is that 'Geographic Revenue- Rest of World' will reach $64.85 million. The estimate indicates a change of +44.1% from the prior-year quarter.
Analysts' assessment points toward 'Geographic Revenue- U.S. and Canada' reaching $718.95 million. The estimate indicates a year-over-year change of +8.4%.
The average prediction of analysts places 'Monthly Active Users - Global' at 623 . Compared to the current estimate, the company reported 570 in the same quarter of the previous year.
Analysts expect 'Monthly Active Users - Rest of World' to come in at 357 . The estimate compares to the year-ago value of 320 .
The consensus estimate for 'Monthly Active Users - U.S. and Canada' stands at 105 . The estimate compares to the year-ago value of 102 .
Based on the collective assessment of analysts, 'Monthly Active Users - Europe' should arrive at 158 . Compared to the current estimate, the company reported 148 in the same quarter of the previous year.
It is projected by analysts that the 'ARPU - U.S. and Canada' will reach $6.84 . The estimate compares to the year-ago value of $6.54 .
View all Key Company Metrics for Pinterest here>>>Over the past month, shares of Pinterest have returned +8.4% versus the Zacks S&P 500 composite's +12.2% change. Currently, PINS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Pinterest, Inc. (PINS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).