Pinterest (PINS) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Pinterest's shares have decreased by 1.39% over the past month, underperforming the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05% [1] - The latest market close for Pinterest (PINS) was $29.92, reflecting a +0.07% movement compared to the previous day, outperforming the S&P 500's daily loss of 0.04% [7] Earnings and Revenue Estimates - Analysts expect Pinterest to report earnings of $1.51 per share and revenue of $3.63 billion for the full year, representing increases of +38.53% and +18.84% respectively from the previous year [2] - The upcoming earnings per share (EPS) is projected at $0.63, indicating an 18.87% increase compared to the same quarter last year, with a revenue estimate of $1.14 billion, reflecting a 16.03% rise from the equivalent quarter last year [8] Analyst Sentiment and Valuation - Recent changes in analyst estimates for Pinterest suggest a favorable outlook on the company's business health and profitability, with upbeat changes indicating positive near-term business trends [9] - Pinterest has a Forward P/E ratio of 19.84, which is lower than the industry average Forward P/E of 33.27, suggesting that Pinterest is trading at a discount [4] - The PEG ratio for Pinterest is currently 0.59, significantly lower than the average PEG ratio of 2.4 for the Internet - Software industry [11] Industry Context - The Internet - Software industry, which includes Pinterest, has a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries, indicating strong performance potential [5] - The Zacks Rank system, which evaluates stocks from 1 (Strong Buy) to 5 (Strong Sell), shows that 1 stocks have generated an average annual return of +25% since 1988, with Pinterest currently holding a Zacks Rank of 3 (Hold) [10]