Pinterest (PINS) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this digital pinboard and shopping tool company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

Pinterest ((PINS) became a Zacks #1 Rank in early April as analysts started to raise estimates ahead of their quarterly report this week.Pinterest reported strong first-quarter 2024 results on Tuesday, with the bottom and top lines surpassing their respective Zacks Consensus Estimate.The big story is that lots of architecture solutions for advertising and marketing technology are paying off and providing sustained ROI to sellers, such as bottom-of-funnel direct response ads and supporting ad-tech.You can ge ...

Pinterest, Inc. (PINS) reported strong first-quarter 2024 results, with the bottom and top line surpassing the respective Zacks Consensus Estimate. The San Francisco-based Internet content provider reported revenue growth year over year, driven by strong user growth across all regions.Its lower funnel solutions suite, including mobile deep linking, API for conversions and clean rooms, and Direct Links, is providing a sustained return on investments to advertisers. Growing investments in AI-integrated tools ...

Pinterest Inc (NYSE:PINS) reported first-quarter earnings after the close last night, beating estimates with adjusted earnings of 20 per share on revenue of $740 million. The image-sharing social media firm also issued a second-quarter revenue forecast that was higher than expectations. In response, PINS is up 17.6% to trade at $39.35, on track for its biggest single-session gain since the post-earnings pop on Oct 31.Options traders are piling on following the report. So far, 30,000 bullish bets have been e ...

The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. The level of technology adoption by businesses and the proliferation of connected consumer devices, which might help people connect and do business online, is also accelerating the industry’s growth. Outstanding penetration of mobile devices among users, makes sense for businesses to invest heavily in web-based infrastructure, applications, and security software ...

Pinterest, Inc. (NYSE:PINS) Q1 2024 Earnings Conference Call April 30, 2024 4:30 PM ET Company Participants Andrew Somberg - Vice President of Investor Relations and Treasury William Ready - CEO Julia Donnelly - CFO Conference Call Participants Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Ron Josey - Citigroup Ross Sandler - Barclays Doug Anmuth - JPMorgan Mark Mahaney - Evercore ISI Operator Hello everyone and welcome to the Pinterest First Quarter 2024 Earnings Conference Call. My name is Ha ...

Pinterest (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 ...

Pinterest (PINS) reported $739.98 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 22.8%. EPS of $0.20 for the same period compares to $0.08 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $699.96 million, representing a surprise of +5.72%. The company delivered an EPS surprise of +42.86%, with the consensus EPS estimate being $0.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

As consumers seek more frictionless eCommerce experiences, Pinterest is seeing user demand for shoppable features, as long as the purchasing journey is simple and intuitive. The social media company shared Tuesday (April 30) in its first quarter fiscal 2024 earnings report that revenue was up 23% year over year in the period, attributing this increase to, among other things, investing in making the platform more shoppable. “We’ve made it easier and more seamless to shop content on Pinterest, a top priority ...

Q1 2024 Earnings Report For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. 2 +22% US & Canada Y/Y Note: Revenue is geographically apportioned based on our estimate of the geographic location of our users when they perform a revenue-generating activity. Geographic breakdown may not sum to Global due to rounding; quarterly amounts may not sum to annual due to rounding. To supplement our condensed consolidated financial st ...