Pinterest(US:PINS) ZACKSยท2024-09-26 22:50Group 1: Company Performance - Pinterest's stock closed at $32.72, reflecting a +1.77% increase, outperforming the S&P 500's gain of 0.4% [1] - Over the past month, Pinterest shares increased by 2.81%, surpassing the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71% [1] Group 2: Upcoming Earnings - Pinterest is expected to report an EPS of $0.34, representing a 21.43% increase year-over-year [2] - Revenue is anticipated to be $896.99 million, up 17.53% from the same quarter last year [2] Group 3: Full Year Estimates - Analysts project earnings of $1.43 per share and revenue of $3.64 billion for the full year, indicating increases of +31.19% and +19.15% respectively from the previous year [3] Group 4: Analyst Forecasts - Recent revisions to analyst forecasts for Pinterest are important as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] Group 5: Valuation Metrics - Pinterest has a Forward P/E ratio of 22.41, which is lower than its industry's Forward P/E of 30.41 [7] - The company has a PEG ratio of 0.9, compared to the Internet - Software industry's average PEG ratio of 2.02 [7] Group 6: Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 78, placing it in the top 31% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]