11/10/2023 0 Comments Pins yahoo finance![]() This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. Internet - Software stocks are, on average, holding a PEG ratio of 1.65 based on yesterday's closing prices. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. For comparison, its industry has an average Forward P/E of 39.25, which means Pinterest is trading at a discount to the group.Īlso, we should mention that PINS has a PEG ratio of 0.91. Valuation is also important, so investors should note that Pinterest has a Forward P/E ratio of 28.8 right now. Pinterest is holding a Zacks Rank of #3 (Hold) right now. Over the past month, the Zacks Consensus EPS estimate has moved 127.27% higher. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These recent revisions tend to reflect the evolving nature of short-term business trends. Meanwhile, our latest consensus estimate is calling for revenue of $739.77 million, up 8.07% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $0.96 per share and revenue of $3.03 billion, which would represent changes of +54.84% and +8.13%, respectively, from the prior year.Īny recent changes to analyst estimates for Pinterest should also be noted by investors. This would mark year-over-year growth of 90.91%. In that report, analysts expect Pinterest to post earnings of $0.21 per share. Pinterest will be looking to display strength as it nears its next earnings release. In that same time, the Computer and Technology sector gained 1.88%, while the S&P 500 lost 0.12%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, lost 0.89%.Ĭoming into today, shares of the digital pinboard and shopping tool company had gained 5.61% in the past month. The stock outpaced the S&P 500's daily loss of 0.32%. “By creating a simpler, faster way for content creators to harness the power of Pinterest, we are making it easier than ever for our creators to reach an engaged audience, make money, build a brand and express what makes them uniquely special both on and off the platform," said Pinterest Chief Content Officer Malik Ducard in a statement about the changes.Pinterest (PINS) closed the most recent trading day at $28, moving +1.27% from the previous trading session. With these changes, Pinterest is looking to streamline its content creation process under a unified format. When Pinterest introduced Idea Pins in 2021, it seemed that the company was looking to pivot from being an online image board to being more of a creator platform. Plus, reactions like heart and lightbulb emojis will be expanding to all Pins.Ī new Pin-scheduling API will also be available to those using content marketing platforms and creative tools, allowing users to schedule Pins via those platforms. And users will also be able to respond to content on the platform by creating and uploading a photo. Users can create a filter under social permissions in order to auto-hide all comments containing the specific keyword. Users can now add keywords they don't want to see in comments. ![]() ![]() Pinterest also announced that all users will be able to start accessing a handful of community engagement features. Now, this type of content will automatically play one after another. As part of these changes, users will no longer have to tap through multimedia creations with static images and videos.
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