Pinterest (PINS) to Release Earnings on Tuesday

Pinterest (NYSE:PINS) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Pinterest has set its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. On average, analysts expect Pinterest to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pinterest Stock Performance

The firm has a market cap of $22.00 billion, a PE ratio of 216.00, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The stock’s 50-day moving average is $34.79 and its 200 day moving average is $34.08. Pinterest has a 12-month low of $20.60 and a 12-month high of $41.60.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PINS shares. Stifel Nicolaus increased their price target on Pinterest from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. KeyCorp increased their target price on Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. BMO Capital Markets initiated coverage on Pinterest in a research note on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price target on the stock. Wedbush upped their price objective on Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Roth Mkm lifted their target price on shares of Pinterest from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.97.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the sale, the director now owns 31,646 shares of the company’s stock, valued at $1,055,077.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey D. Jordan sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the transaction, the director now directly owns 74,215 shares in the company, valued at $2,789,741.85. The disclosure for this sale can be found here. Insiders have sold a total of 184,471 shares of company stock valued at $6,525,231 over the last ninety days. 6.85% of the stock is owned by corporate insiders.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.