![]() ![]() Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Įstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has been revised 57.9% lower over the last 30 days to the current level. Revenues are expected to be $665.4 million, up 8.5% from the year-ago quarter. This digital pinboard and shopping tool company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -32%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Price to book ratio is 5.39 and price to sales ratio is 5.94.The market expects Pinterest (PINS) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. The price to earnings ratio (P/E ratio) amounts to 68.68 while the forward price to earnings ratio is 33.62. The company has a return on investment of 10.60% and return on equity of 7.40%. Outstanding shares total 662.24M with insiders holding 0.59% of the shares and institutional holders owning 80.34% of the company’s common stock. To reach the target analysts have set, the stock logically needs to grow 0.16 percent from here. In addition, estimates put the company’s current quarterly revenue at an average of $666.98 million. Expected sales for next quarter are $713.47 million, which analysts say will come at $2.94 billion for the current fiscal year and next year at $3.54 billion. PINS’s earnings per share are forecast to shrink by -18.60% this year and 19.60% over next year. The stock last released its quarterly earnings report for quarter ended, with the company’s earnings per share (EPS) of $0.1 above consensus estimates by $0.06. Its price is -29.71% year-to-date and -53.65% over the past year. (PINS) stock is up 12.36% over the week and 11.57% over the past month. ![]() The current price level is 13.13%, 21.08%, and 0.76% away from its SMA20, SMA50, and SMA200 respectively, with the PINS price moving above the 50-day SMA on September 09. Piper Sandler downgraded its price target at $35-$23. Susquehanna also upgraded the stock to “Positive” from Neutral on Augat a price target of $22-$35. The company shares received a number of brokerage firm price updates over the past month, with the latest being on Septemwhen Wolfe Research upgraded the stock to “Outperform” and issued a price target of $28. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock. 7 analysts have rated it as a buy and 22 have advised that investors hold their positions. 1 analysts have rated it as a sell, while 3 advise that it is a overweight. The median price target is -2.2% away from the current levels at $25.00.įactSet Research has provided data showing that 33 brokerages have issued ratings for the stock. The consensus objective for the share price is $25.59, suggesting that the stock has a potential upside of 0.16% over the period. (PINS) stock have set the 12-month price targets for the company’s shares at between $16.00 and $35.00. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.72 to suggest the stock is neutral.ģ3 analysts observing the Pinterest Inc. If we look at the stock’s price movements over the week, volatility stands at 5.37%, which decreases to 5.09% over 1 month. The 50-day simple moving average of the closing price is $21.21 and its 200-day simple moving average is $25.27. (PINS) has a 20-day trading average at $22.72 and the current price is -61.29% off the 52-week high compared with 58.30% distance from its 52-week low.
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