Pinterest Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Pinterest, Inc. is set to release its third-quarter earnings on November 4, with expectations of increased earnings and revenue compared to the previous year [1] Financial Performance - Analysts predict Pinterest will report earnings of 42 cents per share for Q3, up from 40 cents per share in the same quarter last year [1] - The consensus estimate for Pinterest's Q3 revenue is $1.05 billion, a significant increase from $898.37 million a year earlier [1] - In Q2, Pinterest reported revenue of $998.23 million, exceeding estimates of $974.01 million, but adjusted earnings of 33 cents per share fell short of the 35 cents expected by analysts [2] Analyst Ratings - UBS analyst Stephen Ju maintained a Buy rating and raised the price target from $50 to $51 [5] - Mizuho analyst Lloyd Walmsley initiated coverage with an Outperform rating and a price target of $50 [5] - Guggenheim analyst Michael Morris reiterated a Buy rating [5] - Citigroup analyst Ronald Josey maintained a Buy rating and increased the price target from $44 to $50 [5] - Wedbush analyst Scott Devitt maintained an Outperform rating and raised the price target from $42 to $44 [5]