Pinterest(US:PINS) ZACKSยท2024-10-11 22:51Company Performance - Pinterest's stock closed at $34.15, reflecting a +1.22% change from the previous trading day's closing, outperforming the S&P 500 which gained 0.61% [1] - Over the past month, Pinterest shares have appreciated by 15.11%, surpassing the Computer and Technology sector's gain of 8.6% and the S&P 500's gain of 5.36% [2] Upcoming Earnings - Pinterest is expected to report an EPS of $0.34, which is a 21.43% increase from the prior-year quarter, with anticipated revenue of $897.07 million, indicating a 17.54% increase from the same quarter last year [3] - For the full year, earnings are projected at $1.44 per share and revenue at $3.64 billion, reflecting changes of +32.11% and +19.17% respectively from the previous year [4] Analyst Estimates and Rankings - Recent revisions to analyst forecasts for Pinterest are crucial as they indicate changing business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [4] - The Zacks Rank system currently rates Pinterest as 4 (Sell), with the consensus EPS estimate having moved 0.15% lower over the last 30 days [6] Valuation Metrics - Pinterest is trading at a Forward P/E ratio of 23.5, which is a discount compared to the industry average Forward P/E of 31.14 [7] - The company has a PEG ratio of 0.71, significantly lower than the Internet - Software industry's average PEG ratio of 2.02 [7] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 73, placing it within the top 29% of over 250 industries [8]