Should Investors Buy the Post-Earnings Dip in Pinterest (PINS) Stock? [Yahoo! Finance]
Pinterest, Inc. Class A (PINS)
Company Research
Source: Yahoo! Finance
While the visual recommendations provider didn't receive a post-earnings spike like other social media stocks such as Meta Platforms META and Snap SNAP , investors may wonder if the selloff in PINS is overdone. Reporting Q3 results after market hours last Thursday, Pinterest's quarterly EPS of $0.40 was above the Zacks Consensus of $0.34 and soared 43% from $0.28 a share in the prior-year quarter. This came on sales of $898.37 million which edged Q3 estimates of $897.07 million and increased 17% from $763.2 million a year ago. Notably, Pinterest has exceeded earnings expectations in each of its last four quarterly reports posting an average EPS surprise of 17%. Pinterest has beaten top line estimates in three of the last four quarters with an average sales surprise of 1.45%. Image Source: Zacks Investment Research Although Pinterest's financial results were favorable, Q4 revenue guidance of $1.12-$1.45 billion came in below many analysts' estimates with the current Zacks Cons
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PINS
News
- Pinterest, Inc. (NYSE: PINS) was upgraded by analysts at Wedbush from a "hold" rating to a "strong-buy" rating.MarketBeat
- Pinterest (PINS) Reliance on International Sales: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Pinterest, Inc. (NYSE: PINS) had its price target lowered by analysts at KeyCorp from $45.00 to $39.00. They now have an "overweight" rating on the stock.MarketBeat
- Pinterest: Q3 Report Demonstrates $17B Enterprise Value Is Getting Ridiculous [Seeking Alpha]Seeking Alpha
- Pinterest, Inc. (NYSE: PINS) had its price target lowered by analysts at Rosenblatt Securities from $48.00 to $46.00. They now have a "buy" rating on the stock.MarketBeat
PINS
Earnings
- 11/7/24 - Beat
PINS
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- PINS's page on the SEC website