Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Pinterest has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Pinterest shares have lost about 32.2% since the beginning of the year versus the S&P 500's gain of 24.1%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $442.62 million.
PINS EARNINGS DATE Q3 2021 SOFTWARE
Pinterest, which belongs to the Zacks Internet - Software industry, posted revenues of $632.93 million for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by 0.85%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.13 per share when it actually produced earnings of $0.25, delivering a surprise of 92.31%. This quarterly report represents an earnings surprise of 16.67%. These figures are adjusted for non-recurring items.
This compares to earnings of $0.13 per share a year ago. Pinterest ( PINS Quick Quote PINS - Free Report) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.24 per share.
0 kommentar(er)
