Tuesday, September 28, 2021

What to Watch When Pinterest Inc. [PINS] Reports Quarterly Earnings

Earnings from Pinterest Inc. [PINS] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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PINS Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.07 per share on revenue of $473.66M. Taking a look at the future, the company is projected to report revenue of $530.41M at an earnings per share of $0.1 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 35.90% in revenue and 47.59% in earnings per share for the company.

PINS Stock Earnings Forecast For The Current Year


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For the full financial year, Pinterest Inc. [NYSE:PINS] is forecasted to generate revenue of $2.52B. The figure is about $830.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.85 in 2021, which is $0.43 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 102.40% this year, 47.10% next year, and 240.09% annually over the next five years. With regard to sales, forecasts suggest an incline of 48.80% in current fiscal year and 35.90% over following year.

PINS Stock Price Performance

At a recent check today, Pinterest Inc. [NYSE:PINS] finished down -0.24% at $76.55. The stock’s day high price was $76.74, and its lowest was $74.13. Its price rose 3.82% in the last five days. Since the beginning of the year, Pinterest Inc.’s shares are up nearly 16.43%. However, the share price is -14.85% below its one year high. The top price reached by the shares of the company was $89.90 on 02/16/21, while the 52-week low came on 03/05/21, when the shares were $60.33. In the past year, shares of the company have risen 272.11%. At 50 days, the moving average achieved is $76.57 while at 200 days, the moving average is $58.54. There were 3.97 million shares traded in the last session, down from 11.82 million in the previous session.

Pinterest Inc. [NYSE:PINS] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 27.65 PS value ratio is reported for the last one year of reported earnings. This is above the average return 4.90 for the industry, which means PINS offers an unattractive investment opportunity than its competitors do.

PINS Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 77.09 level, and the violation of this level will cause a further drop to 74.99 level. At the upper end, 80.21 remains a key resistance. As the stock increases, it may find resistance at 78.48. In the 14-day chart, the Relative Strength Index standing at 49.98 suggests a technical neutral stance while the MACD standing at -2.57 indicates price will decrease in the next trading period. Stochastic %K at 33.03% suggests holding the stock while Percent R indicator at 64.23% suggests low price movement.

How much is the short interest in Pinterest Inc.?

There have been a drop in short interest in the Pinterest Inc. Financial stock, with short interest down by -0.66 million shares to 20.42 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 19.76 million shares. This 3.23% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 3.72% of the overall float in the stock, while the stock’s days to cover moved to 1.65.

How do analysts view Pinterest Inc.?

In regard to the share price forecast for Pinterest Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $92.50 in the next twelve months, representing almost an 17.24% growth from its recent price of $76.55. Among Pinterest Inc. stock projections, $105.00 is the highest analyst target for the stock, while $43.00 is the lowest. Despite this, 29 analysts who share their consensus rating for PINS in 2021 agree that the stock is an Overweight.

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