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Pinterest (PINS) Gains As Market Dips: What You Should Know
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Pinterest (PINS - Free Report) closed at $26.88 in the latest trading session, marking a +0.52% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.54%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq lost 0.12%.
Coming into today, shares of the digital pinboard and shopping tool company had lost 25.62% in the past month. In that same time, the Computer and Technology sector lost 13.86%, while the S&P 500 lost 7.87%.
Wall Street will be looking for positivity from Pinterest as it approaches its next earnings report date. This is expected to be February 3, 2022. On that day, Pinterest is projected to report earnings of $0.48 per share, which would represent year-over-year growth of 11.63%. Meanwhile, our latest consensus estimate is calling for revenue of $833.34 million, up 18.1% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Pinterest. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 #3 (Hold).
Looking at its valuation, Pinterest is holding a Forward P/E ratio of 19.28. This represents a discount compared to its industry's average Forward P/E of 43.96.
Investors should also note that PINS has a PEG ratio of 0.37 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.72 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Pinterest (PINS) Gains As Market Dips: What You Should Know
Pinterest (PINS - Free Report) closed at $26.88 in the latest trading session, marking a +0.52% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.54%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq lost 0.12%.
Coming into today, shares of the digital pinboard and shopping tool company had lost 25.62% in the past month. In that same time, the Computer and Technology sector lost 13.86%, while the S&P 500 lost 7.87%.
Wall Street will be looking for positivity from Pinterest as it approaches its next earnings report date. This is expected to be February 3, 2022. On that day, Pinterest is projected to report earnings of $0.48 per share, which would represent year-over-year growth of 11.63%. Meanwhile, our latest consensus estimate is calling for revenue of $833.34 million, up 18.1% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Pinterest. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 #3 (Hold).
Looking at its valuation, Pinterest is holding a Forward P/E ratio of 19.28. This represents a discount compared to its industry's average Forward P/E of 43.96.
Investors should also note that PINS has a PEG ratio of 0.37 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.72 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.