2023-04-26 11:15:32 ET
Pinterest ( NYSE: PINS ) is scheduled to announce Q1 earnings results on Thursday, April 27th, after market close.
The consensus EPS Estimate is $0.02 (-80.0% Y/Y) and the consensus Revenue Estimate is $592.6M (+3.1% Y/Y).
Widely, analyst are expecting weak margins and topline for PINS. Social media stocks have been under pressure as advertisers pared back their spending due to macro pressures and fears of an impending recession.
During Q4 2022, global MAUs increased 4% to 450M and the company also entered a global content partnership with Conde Nast to offer more engaging, unique and high-quality content.
Broadly, Wall Street analyst give the stock a Buy rating with an average target price of $29.71 with 8 analyst giving a Strong Buy rating, 4 Buy rating and 20 Hold and 1 sell.
Company gets a Quant rating of Hold with highest factor grades to momentum and lowest to valuation . SA analyst gives it a Hold rating .
Over the last 2 years, PINS has beaten EPS estimates 88% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 5 upward revisions and 8 downward. Revenue estimates have seen 0 upward revisions and 17 downward.
YTD, the stock has seen upside of ~20%, quick look at comparative rating of the stock to its peers .
During early February, Wells Fargo analyst Brian Fitzgerald, who has an overweight rating and per-share price target on Pinterest ( PINS ), pointed out the improving engagement metrics and monetization stock as reasons to be positive. Fitzgerald also cited that sessions "grew faster than users," as weekly active users compared to monthly active users hit a record 61%.
More on Pinterest ratings and commentary:
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Pinterest: Beaten-Down Tech Stock With Strong Focus On Margin Expansion
- Pinterest stock pops as UBS upgrades on evidence of 'improving' advertising
- Pinterest joins top Communications gainers as Raymond James starts on positive note
- Pinterest: More Risk Than Reward
- More recently - Pinterest , Wikipedia, TikTok, Microsoft's Bing and Amazon's Marketplace - are now subject to new EU content rules.
For further details see:
Will macro pressures weigh on Pinterest Q1 reports?