

Analysts on average were modeling $693 million in second-quarter revenue, according to FactSet. Stock price target for Pinterest Inc PINS are 29.04 on downside and 29.53 on upside. You’re reading a free article with opinions that may differ from The. The company earned 602.58 million during the quarter, compared to analyst estimates of 593.96 million.

The reported (0.13) earnings per share (EPS) for the quarter, beating analysts consensus estimates of (0.17) by 0.04. Pinterest executives guided for second-quarter revenue to increase 11% year-over-year, suggesting about $680 million in sales. Pinterest last released its earnings results on April 27th, 2023.

“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. Webull offers PINS Ent Holdg (PINS) historical stock prices, in-depth market analysis, NYSE: PINS real-time stock quote data, in-depth charts, free PINS. 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. Class A Common Stock (PINS) 0 No Notifications Add to Watchlist Add to Portfolio Quotes Summary 7:00 am 10:00 am 11:00 am 12:00 pm 1:00 pm.

3, Pinterest is expected to post EPS of $0.46 (7% year-over-year growth) on revenues of $828.6 million (growth of 17.4%).“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. Considering today's tumble, the new price target now represents 12% upside in the name. 3, UBS cut its price target to $32 from $42. Meanwhile with earnings coming up Feb.Still, the company notes it's been hiring aggressively, growing headcount by 30% over the past year.And Pinterest fired its chief operating officer Françoise Brougher in 2020. The most recent seven departures come just months after the company's co-founder, Evan Sharp, left to join Apple ex Jony Ive at his design company. Is Pinterest (NYSE:PINS) a buy Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out.Recent weeks have seen several senior executives exiting the company, The Information reported - and among the departures it notes was the company's head of corporate development, a notable vacancy as the company spent several weeks in the news for merger/acquisition chatter (from the likes of Microsoft and PayPal).Most of that drop came in the past six months, where it fell 60% ( see chart here ). It means, though, that the stock is now 68% below its 52-week high reached early in 2021.Pinterest (NYSE: PINS) fell 8.5% today to return to just over its 52-week low (touched during the depths of yesterday's sell-off ).Stockcam/iStock Unreleased via Getty Images
