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Pinterest (PINS) Gains But Lags Market: What You Should Know
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In the latest trading session, Pinterest (PINS - Free Report) closed at $36.41, marking a +0.17% move from the previous day. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the digital pinboard and shopping tool company had gained 1.42% in the past month. In that same time, the Computer and Technology sector gained 1.46%, while the S&P 500 gained 4.56%.
Investors will be hoping for strength from Pinterest as it approaches its next earnings release. On that day, Pinterest is projected to report earnings of $0.23 per share, which would represent a year-over-year decline of 46.51%. Meanwhile, our latest consensus estimate is calling for revenue of $833.34 million, up 18.1% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Pinterest. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pinterest is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Pinterest has a Forward P/E ratio of 32.95 right now. Its industry sports an average Forward P/E of 61.76, so we one might conclude that Pinterest is trading at a discount comparatively.
It is also worth noting that PINS currently has a PEG ratio of 0.62. 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. The Internet - Software industry currently had an average PEG ratio of 3.31 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Pinterest (PINS) Gains But Lags Market: What You Should Know
In the latest trading session, Pinterest (PINS - Free Report) closed at $36.41, marking a +0.17% move from the previous day. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the digital pinboard and shopping tool company had gained 1.42% in the past month. In that same time, the Computer and Technology sector gained 1.46%, while the S&P 500 gained 4.56%.
Investors will be hoping for strength from Pinterest as it approaches its next earnings release. On that day, Pinterest is projected to report earnings of $0.23 per share, which would represent a year-over-year decline of 46.51%. Meanwhile, our latest consensus estimate is calling for revenue of $833.34 million, up 18.1% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Pinterest. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pinterest is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Pinterest has a Forward P/E ratio of 32.95 right now. Its industry sports an average Forward P/E of 61.76, so we one might conclude that Pinterest is trading at a discount comparatively.
It is also worth noting that PINS currently has a PEG ratio of 0.62. 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. The Internet - Software industry currently had an average PEG ratio of 3.31 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.