In the latest trading session, Pinterest (PINS) closed at $18.34, marking a -1.69% move from the previous day. This move lagged the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
The stock of digital pinboard and shopping tool company has fallen by 20.27% in the past month, lagging the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
The upcoming earnings release of Pinterest will be of great interest to investors. In that report, analysts expect Pinterest to post earnings of $0.5 per share. This would mark year-over-year growth of 31.58%. Meanwhile, our latest consensus estimate is calling for revenue of $1.2 billion, up 14.42% from the prior-year quarter.
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.
Investors should also take note of any recent adjustments to analyst estimates for Pinterest. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.33% lower within the past month. Pinterest is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Pinterest is holding a Forward P/E ratio of 9.12. This denotes a discount relative to the industry average Forward P/E of 20.36.
Investors should also note that PINS has a PEG ratio of 0.34 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 36% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Pinterest, Inc. (PINS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).