Pinterest Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga
06 Feb

Pinterest, Inc. (NYSE:PINS) will release its fourth-quarter financial results after the closing bell on Thursday, Feb. 6.

Analysts expect the San Francisco, California-based company to report quarterly earnings at 65 cents per share, up from 53 cents per share in the year-ago period. Pinterest projects quarterly revenue of $1.14 billion, compared to $981.26 million a year earlier, according to data from Benzinga Pro.

On Nov. 7, 2024, Pinterest reported third-quarter revenue of $898 million, beating the consensus estimate of $896.35 million. The idea discovery platform company reported third-quarter earnings of four cents per share, missing analyst estimates of seven cents per share.

Pinterest shares fell 0.3% to close at $33.30 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Morgan Stanley analyst Brian Nowak maintained an Equal-Weight rating and raised the price target from $35 to $36 on Jan. 13, 2025. This analyst has an accuracy rate of 68%.
  • Wells Fargo analyst Ken Gawrelski maintained an Overweight rating and cut the price target from $40 to $39 on Jan. 13, 2025. This analyst has an accuracy rate of 76%.
  • Jefferies analyst James Heaney downgraded the stock from Buy to Hold and lowered the price target from $40 to $32 on Jan. 13, 2025. This analyst has an accuracy rate of 70%.
  • Keybanc analyst Aleksey Yefremov maintained an Overweight rating and cut the price target from $39 to $37 on Jan. 10, 2025. This analyst has an accuracy rate of 63%.
  • RBC Capital analyst Brad Erickson reiterated an Outperform rating with a price target of $48 on Dec. 10, 2024. This analyst has an accuracy rate of 73%.

Considering buying PINS stock? Here’s what analysts think:

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