Pinterest (PINS) Shows Downtrend in Estimates: Reason to Worry?

Pinterest, Inc. (PINS) is currently witnessing a downtrend in estimate revisions after the second-quarter 2024 earnings release. Earnings estimates for Pinterest for 2024 have moved down 2.1% to $1.43 over the past 30 days, while the same for 2025 have decreased 2.3$1.72. The negative estimate revision portrays bearish sentiments about the stock's growth potential. Image Source: Zacks Investment Research What Ails Pinterest? Pinterest expects operating expenses to increase substantially in the near ter ...