In the latest trading session, Pinterest (PINS) closed at $22.81, marking a +0.97% move from the previous day. This move outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.11%, and the tech-heavy Nasdaq lost 0.13%.
Coming into today, shares of the digital pinboard and shopping tool company had lost 2.12% in the past month. In that same time, the Computer and Technology sector lost 13.11%, while the S&P 500 lost 10.4%.
Pinterest will be looking to display strength as it nears its next earnings release. On that day, Pinterest is projected to report earnings of $0.05 per share, which would represent a year-over-year decline of 82.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $662.33 million, up 4.64% from the year-ago period.
PINS's full-year Zacks Consensus Estimates are calling for earnings of $0.53 per share and revenue of $2.79 billion. These results would represent year-over-year changes of -53.1% and +8.21%, respectively.
Investors might also notice 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Pinterest currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Pinterest is currently trading at a Forward P/E ratio of 42.42. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 42.42.
Meanwhile, PINS's PEG ratio is currently 2.86. 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 was holding an average PEG ratio of 2.26 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% 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.
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, Inc. (PINS) : Free Stock Analysis Report
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