![]() ![]() stock has been performing in comparison to its peers in the industry, here are the numbers: PINS stock’s performance was -2.12% in the latest trading, and 50.19% in the past year. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy. ![]() On the technical side, indicators suggest PINS has a 50% Buy on average for the short term. 1 upward and no downward comments were posted in the last 7 days. The company’s revenue is forecast to grow by 7.10% over what it did in 2023.Ī company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Pinterest Inc. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $3 billion. The average estimate suggests sales will likely up by 4.50% this quarter compared to what was recorded in the comparable quarter last year. It means analysts are expecting annual earnings per share growth of 29.00% this year and 26.20% next year.Īnalysts have forecast the company to bring in revenue of $696.08 million for the current quarter, with the likely lows of $605.7 million and highs of $715 million. Analysts have predicted the quarterly earnings per share to grow by $0.12 per share this quarter, however they have predicted annual earnings per share of $0. Investors’ optimism about the company’s current quarter earnings report is understandable. Pinterest Inc., whose market valuation is $18.93 billion at the time of this writing. Here are five of the best ways to profit from the AI boom. And investors like you always want to get in on the hottest stocks of tomorrow. And it's about to change everything we know about everything.Īccording to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. Analysts on average were modeling $693 million in second-quarter revenue, according to FactSet.The artificial intelligence (AI) revolution is already here. Pinterest executives guided for second-quarter revenue to increase 11% year-over-year, suggesting about $680 million in sales. “We ultimately believe investors are expecting another quarter of sequential MAU declines, with flat to up viewed positively, based on recent conversations,” JP Morgan analyst Doug Anmuth wrote in an April 22 preview of the Pinterest report. While Pinterest came up short of that mark, it did increase users sequentially to 433 million, to the surprise of some. Monthly active users, or MAUs, declined sequentially in each of the final three quarters of 2021, but Wall Street analysts on average projected a gain in the first quarter of 2022, to 437.9 million MAUs from 431 million at the end of 2021. Shares have dropped nearly 50% so far this year, declining 48.6% as the S&P 500 indexįor Pinterest, attracting users has been a struggle. Instituted new privacy measures and some companies have cut back on their marketing spending. Pinterest makes money from online advertisements on its core online-scrapbooking product, a business that has shown cracks in recent months as Apple Inc. ![]() Shares rose more than 8% in after-hours trading following the release of the results, after closing with a 3.2% decline at $18.61. “Despite a challenging macroeconomic and geopolitical environment, we grew revenue 18% year over year,” Chief Executive Ben Silbermann said in a statement.Īnalysts on average expected Pinterest to report adjusted earnings of 3 cents a share on sales of $573 million, according to FactSet. ![]()
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