PINS - Pinterest Q1 Earnings and Revenues Top Estimates | Benzinga
Pinterest (NYSE: PINS) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.51 per share when it actually produced earnings of $0.53, delivering a surprise of 3.92%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Pinterest, which belongs to the Zacks Internet - Software industry, posted revenues of $739.98 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 5.72%. This compares to year-ago revenues of $602.58 million. The company has topped consensus revenue estimates three times over the last four quarters.
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.
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