Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Web3MediaBreaks – Pinterest Inc. (NYSE: PINS) Gains Investor Attention Amid Promising Financial Outlook By: Investor Brand Network June 25, 2024 at 15:06 PM EDT Pinterest (NYSE: PINS) has recently become a focal point for investors, as evidenced by its popularity on Zacks.com. This heightened interest is a testament to the company’s evolving position in the competitive landscape of the internet software industry. Pinterest, a social media platform that allows users to discover and save information on the web using images and, on a smaller scale, GIFs and videos, in the form of pinboards, has shown a modest stock performance increase of 1.1% over the past month. This performance is particularly noteworthy when compared to the broader movements in the market, including a 4.2% change in the Zacks S&P 500 composite and a 1.8% gain in its industry sector. A significant driver of investor enthusiasm towards Pinterest is its promising earnings outlook. The company is expected to report earnings of $0.28 per share for the current quarter, which would represent a substantial 33.3% increase from the same quarter last year. Furthermore, the consensus earnings estimate for the current fiscal year is $1.45 per share, indicating a year-over-year growth of 33%. These optimistic projections are supported by recent adjustments in earnings estimates, with a 1.6% increase for the current fiscal year and a 0.8% rise for the next fiscal year, showcasing the company’s potential for sustained financial growth. Revenue growth is another critical aspect of Pinterest’s financial health that is drawing investor attention. The company is expected to achieve a 19.7% year-over-year growth in sales for the current quarter, with estimates pointing to $847.13 million. Looking further ahead, revenue is projected to reach $3.67 billion for the current fiscal year and $4.3 billion for the next, highlighting a consistent upward trajectory in Pinterest’s financial performance. This growth is underscored by the company’s last quarter results, which reported a 22.8% increase in revenues to $739.98 million and a significant jump in earnings per share from $0.08 to $0.20, surpassing Zacks Consensus Estimates. However, despite these positive indicators, Pinterest’s stock valuation presents a potential concern for investors. The company’s valuation metrics suggest it is trading at a premium compared to its peers, as indicated by its F grade in the Zacks Value Style Score. This assessment raises questions about the stock’s investment appeal, suggesting that it may be overvalued relative to industry counterparts. This is a crucial factor for investors to consider, especially in light of Pinterest’s recent stock price movement, which saw an increase of 2.44% to $44.17, fluctuating between $43.28 and $44.52 during the day. With a market capitalization of approximately $30.18 billion and a trading volume of about 2.77 million shares, Pinterest’s financial dynamics and stock performance merit careful examination by potential investors. To view the company’s most recent earnings release, visit https://ibn.fm/C5gof About Pinterest Inc. Pinterest Inc. is a visual discovery engine that helps people find inspiration for their lives. With billions of Pins on our platform, we help people discover and do what they love. Whether planning a new project or looking for an idea, Pinterest allows users to explore a wide range of interests and hobbies, from cooking and fashion to travel and home decor. Pinterest’s mission is to bring everyone the inspiration to create a life they love. Launched in 2010, Pinterest is headquartered in San Francisco, California, and is available in more than 30 languages globally. About Web3MediaWire Web3MediaWire (“W3MW”) is a specialized communications platform with a focus on the next generation of internet technologies. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, W3MW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, W3MW brings its clients unparalleled recognition and brand awareness. W3MW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from Web3MediaWire, text “Web3” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit https://www.Web3MediaWire.com Please see full terms of use and disclaimers on the Web3MediaWire website applicable to all content provided by W3MW, wherever published or re-published: https://www.Web3MediaWire.com/Disclaimer Web3MediaWireLos Angeles, CAwww.Web3MediaWire.com310.299.1717 OfficeEditor@Web3MediaWire.com Web3MediaWire is powered by IBN Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Web3MediaBreaks – Pinterest Inc. (NYSE: PINS) Gains Investor Attention Amid Promising Financial Outlook By: Investor Brand Network June 25, 2024 at 15:06 PM EDT Pinterest (NYSE: PINS) has recently become a focal point for investors, as evidenced by its popularity on Zacks.com. This heightened interest is a testament to the company’s evolving position in the competitive landscape of the internet software industry. Pinterest, a social media platform that allows users to discover and save information on the web using images and, on a smaller scale, GIFs and videos, in the form of pinboards, has shown a modest stock performance increase of 1.1% over the past month. This performance is particularly noteworthy when compared to the broader movements in the market, including a 4.2% change in the Zacks S&P 500 composite and a 1.8% gain in its industry sector. A significant driver of investor enthusiasm towards Pinterest is its promising earnings outlook. The company is expected to report earnings of $0.28 per share for the current quarter, which would represent a substantial 33.3% increase from the same quarter last year. Furthermore, the consensus earnings estimate for the current fiscal year is $1.45 per share, indicating a year-over-year growth of 33%. These optimistic projections are supported by recent adjustments in earnings estimates, with a 1.6% increase for the current fiscal year and a 0.8% rise for the next fiscal year, showcasing the company’s potential for sustained financial growth. Revenue growth is another critical aspect of Pinterest’s financial health that is drawing investor attention. The company is expected to achieve a 19.7% year-over-year growth in sales for the current quarter, with estimates pointing to $847.13 million. Looking further ahead, revenue is projected to reach $3.67 billion for the current fiscal year and $4.3 billion for the next, highlighting a consistent upward trajectory in Pinterest’s financial performance. This growth is underscored by the company’s last quarter results, which reported a 22.8% increase in revenues to $739.98 million and a significant jump in earnings per share from $0.08 to $0.20, surpassing Zacks Consensus Estimates. However, despite these positive indicators, Pinterest’s stock valuation presents a potential concern for investors. The company’s valuation metrics suggest it is trading at a premium compared to its peers, as indicated by its F grade in the Zacks Value Style Score. This assessment raises questions about the stock’s investment appeal, suggesting that it may be overvalued relative to industry counterparts. This is a crucial factor for investors to consider, especially in light of Pinterest’s recent stock price movement, which saw an increase of 2.44% to $44.17, fluctuating between $43.28 and $44.52 during the day. With a market capitalization of approximately $30.18 billion and a trading volume of about 2.77 million shares, Pinterest’s financial dynamics and stock performance merit careful examination by potential investors. To view the company’s most recent earnings release, visit https://ibn.fm/C5gof About Pinterest Inc. Pinterest Inc. is a visual discovery engine that helps people find inspiration for their lives. With billions of Pins on our platform, we help people discover and do what they love. Whether planning a new project or looking for an idea, Pinterest allows users to explore a wide range of interests and hobbies, from cooking and fashion to travel and home decor. Pinterest’s mission is to bring everyone the inspiration to create a life they love. Launched in 2010, Pinterest is headquartered in San Francisco, California, and is available in more than 30 languages globally. About Web3MediaWire Web3MediaWire (“W3MW”) is a specialized communications platform with a focus on the next generation of internet technologies. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, W3MW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, W3MW brings its clients unparalleled recognition and brand awareness. W3MW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from Web3MediaWire, text “Web3” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit https://www.Web3MediaWire.com Please see full terms of use and disclaimers on the Web3MediaWire website applicable to all content provided by W3MW, wherever published or re-published: https://www.Web3MediaWire.com/Disclaimer Web3MediaWireLos Angeles, CAwww.Web3MediaWire.com310.299.1717 OfficeEditor@Web3MediaWire.com Web3MediaWire is powered by IBN
Pinterest (NYSE: PINS) has recently become a focal point for investors, as evidenced by its popularity on Zacks.com. This heightened interest is a testament to the company’s evolving position in the competitive landscape of the internet software industry. Pinterest, a social media platform that allows users to discover and save information on the web using images and, on a smaller scale, GIFs and videos, in the form of pinboards, has shown a modest stock performance increase of 1.1% over the past month. This performance is particularly noteworthy when compared to the broader movements in the market, including a 4.2% change in the Zacks S&P 500 composite and a 1.8% gain in its industry sector. A significant driver of investor enthusiasm towards Pinterest is its promising earnings outlook. The company is expected to report earnings of $0.28 per share for the current quarter, which would represent a substantial 33.3% increase from the same quarter last year. Furthermore, the consensus earnings estimate for the current fiscal year is $1.45 per share, indicating a year-over-year growth of 33%. These optimistic projections are supported by recent adjustments in earnings estimates, with a 1.6% increase for the current fiscal year and a 0.8% rise for the next fiscal year, showcasing the company’s potential for sustained financial growth. Revenue growth is another critical aspect of Pinterest’s financial health that is drawing investor attention. The company is expected to achieve a 19.7% year-over-year growth in sales for the current quarter, with estimates pointing to $847.13 million. Looking further ahead, revenue is projected to reach $3.67 billion for the current fiscal year and $4.3 billion for the next, highlighting a consistent upward trajectory in Pinterest’s financial performance. This growth is underscored by the company’s last quarter results, which reported a 22.8% increase in revenues to $739.98 million and a significant jump in earnings per share from $0.08 to $0.20, surpassing Zacks Consensus Estimates. However, despite these positive indicators, Pinterest’s stock valuation presents a potential concern for investors. The company’s valuation metrics suggest it is trading at a premium compared to its peers, as indicated by its F grade in the Zacks Value Style Score. This assessment raises questions about the stock’s investment appeal, suggesting that it may be overvalued relative to industry counterparts. This is a crucial factor for investors to consider, especially in light of Pinterest’s recent stock price movement, which saw an increase of 2.44% to $44.17, fluctuating between $43.28 and $44.52 during the day. With a market capitalization of approximately $30.18 billion and a trading volume of about 2.77 million shares, Pinterest’s financial dynamics and stock performance merit careful examination by potential investors. To view the company’s most recent earnings release, visit https://ibn.fm/C5gof About Pinterest Inc. Pinterest Inc. is a visual discovery engine that helps people find inspiration for their lives. With billions of Pins on our platform, we help people discover and do what they love. Whether planning a new project or looking for an idea, Pinterest allows users to explore a wide range of interests and hobbies, from cooking and fashion to travel and home decor. Pinterest’s mission is to bring everyone the inspiration to create a life they love. Launched in 2010, Pinterest is headquartered in San Francisco, California, and is available in more than 30 languages globally. About Web3MediaWire Web3MediaWire (“W3MW”) is a specialized communications platform with a focus on the next generation of internet technologies. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, W3MW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, W3MW brings its clients unparalleled recognition and brand awareness. W3MW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from Web3MediaWire, text “Web3” to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit https://www.Web3MediaWire.com Please see full terms of use and disclaimers on the Web3MediaWire website applicable to all content provided by W3MW, wherever published or re-published: https://www.Web3MediaWire.com/Disclaimer Web3MediaWireLos Angeles, CAwww.Web3MediaWire.com310.299.1717 OfficeEditor@Web3MediaWire.com Web3MediaWire is powered by IBN
