Pinterest (PINS) To Report Earnings Tomorrow: Here Is What To Expect

StockStory
02-05
Pinterest (PINS) To Report Earnings Tomorrow: Here Is What To Expect

Social commerce platform Pinterest (NYSE: PINS) will be reporting earnings tomorrow after market hours. Here’s what to expect.

Pinterest met analysts’ revenue expectations last quarter, reporting revenues of $898.4 million, up 17.7% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter meeting analysts’ expectations. It reported 537 million monthly active users, up 11.4% year on year.

Is Pinterest a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Pinterest’s revenue to grow 16.2% year on year to $1.14 billion, improving from the 11.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pinterest has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Pinterest’s peers in the consumer internet segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Snap delivered year-on-year revenue growth of 14.4%, beating analysts’ expectations by 0.6%, and Meta reported revenues up 20.6%, topping estimates by 2.9%. Meta traded up 1.5% following the results.

Read our full analysis of Snap’s results here and Meta’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 5.1% on average over the last month. Pinterest is up 6% during the same time and is heading into earnings with an average analyst price target of $39.34 (compared to the current share price of $33.63).

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