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Investing in Pinterest (PINS)? Don't Miss Assessing Its International Revenue Trends
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Did you analyze how Pinterest (PINS - Free Report) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this digital pinboard and shopping tool company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
While analyzing PINS' performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
The company's total revenue for the quarter stood at $853.68 million, increasing 20.6% year over year. Now, let's delve into PINS' international revenue breakdown to gain insights into the significance of its operations beyond home turf.
Unveiling Trends in PINS' International Revenues
During the quarter, Europe contributed $143 million in revenue, making up 16.8% of the total revenue. When compared to the consensus estimate of $142.88 million, this meant a surprise of +0.08%. Looking back, Europe contributed $118 million, or 16%, in the previous quarter, and $114 million, or 16.1%, in the same quarter of the previous year.
Rest of World accounted for 4.5% of the company's total revenue during the quarter, translating to $38 million. Revenues from this region represented a surprise of +2.46%, with Wall Street analysts collectively expecting $37.09 million. When compared to the preceding quarter and the same quarter in the previous year, Rest of World contributed $30 million (4.1%) and $29 million (4.1%) to the total revenue, respectively.
Revenue Projections for Overseas Markets
Wall Street analysts expect Pinterest to report a total revenue of $896.92 million in the current fiscal quarter, which suggests an increase of 17.5% from the prior-year quarter. Revenue shares from Europe and Rest of World are predicted to be 16.4% and 4.4%, corresponding to amounts of $147.12 million and $39.58 million, respectively.
For the full year, the company is expected to generate $3.64 billion in total revenue, up 19.2% from the previous year. Revenues from Europe and Rest of World are expected to constitute 16.8% ($612.81 million) and 4.3% ($157.33 million) of the total, respectively.
Wrapping Up
Pinterest's leaning on foreign markets for its revenue stream presents a mix of chances and challenges. Therefore, a vigilant watch on its international revenue movements can greatly aid in projecting the company's future direction.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Over the past month, the stock has seen a decline of 33.1% in its value, whereas the Zacks S&P 500 composite has posted a decrease of 2.9%. The Zacks Computer and Technology sector, Pinterest's industry group, has descended 8.7% over the identical span. In the past three months, there's been a decline of 30.7% in the company's stock price, against a rise of 5.9% in the S&P 500 index. The broader sector has increased by 6.3% during this interval.
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Investing in Pinterest (PINS)? Don't Miss Assessing Its International Revenue Trends
Did you analyze how Pinterest (PINS - Free Report) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this digital pinboard and shopping tool company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
While analyzing PINS' performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
The company's total revenue for the quarter stood at $853.68 million, increasing 20.6% year over year. Now, let's delve into PINS' international revenue breakdown to gain insights into the significance of its operations beyond home turf.
Unveiling Trends in PINS' International Revenues
During the quarter, Europe contributed $143 million in revenue, making up 16.8% of the total revenue. When compared to the consensus estimate of $142.88 million, this meant a surprise of +0.08%. Looking back, Europe contributed $118 million, or 16%, in the previous quarter, and $114 million, or 16.1%, in the same quarter of the previous year.
Rest of World accounted for 4.5% of the company's total revenue during the quarter, translating to $38 million. Revenues from this region represented a surprise of +2.46%, with Wall Street analysts collectively expecting $37.09 million. When compared to the preceding quarter and the same quarter in the previous year, Rest of World contributed $30 million (4.1%) and $29 million (4.1%) to the total revenue, respectively.
Revenue Projections for Overseas Markets
Wall Street analysts expect Pinterest to report a total revenue of $896.92 million in the current fiscal quarter, which suggests an increase of 17.5% from the prior-year quarter. Revenue shares from Europe and Rest of World are predicted to be 16.4% and 4.4%, corresponding to amounts of $147.12 million and $39.58 million, respectively.For the full year, the company is expected to generate $3.64 billion in total revenue, up 19.2% from the previous year. Revenues from Europe and Rest of World are expected to constitute 16.8% ($612.81 million) and 4.3% ($157.33 million) of the total, respectively.
Wrapping Up
Pinterest's leaning on foreign markets for its revenue stream presents a mix of chances and challenges. Therefore, a vigilant watch on its international revenue movements can greatly aid in projecting the company's future direction.In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Pinterest, bearing a Zacks Rank #3 (Hold), is expected to mirror the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Reviewing Pinterest's Recent Stock Price Trends
Over the past month, the stock has seen a decline of 33.1% in its value, whereas the Zacks S&P 500 composite has posted a decrease of 2.9%. The Zacks Computer and Technology sector, Pinterest's industry group, has descended 8.7% over the identical span. In the past three months, there's been a decline of 30.7% in the company's stock price, against a rise of 5.9% in the S&P 500 index. The broader sector has increased by 6.3% during this interval.