Pinterest (PINS) Q1 Earnings Miss Estimates

Group 1: Earnings Performance - Pinterest reported quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.25 per share, but showing an increase from $0.20 per share a year ago, representing an earnings surprise of -8% [1] - The company posted revenues of $854.99 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.09%, and up from $739.98 million year-over-year [2] - Over the last four quarters, Pinterest has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Pinterest shares have declined approximately 5.7% since the beginning of the year, compared to a decline of -4.3% for the S&P 500 [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the coming quarter is $0.35 on revenues of $960.53 million, and for the current fiscal year, it is $1.73 on revenues of $4.11 billion [7] Group 3: Industry Context - The Internet - Software industry, to which Pinterest belongs, is currently in the top 37% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]