Categories: Business

Will Pinterest Q3 outcomes meet expectations like final quarter?

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Chayantorn

Pinterest (NYSE:PINS) is scheduled to announce Q3 earnings outcomes on Wednesday, October twenty seventh, after market shut.

The consensus EPS Estimate is $0.06 (-78.6% Y/Y) and the consensus Income Estimate is $666.63M (+5.3% Y/Y).

Throughout Q2, inventory jumped a whopping 21% as topline outcomes got here in as anticipated, nevertheless, consumer knowledge noticed a decline throughout the board, as international month-to-month energetic customers dipped 5% to $433M.

A take a look at MAU development and extra in firm presentation.

Over the past 2 years, PINS has crushed EPS estimates 88% of the time and has crushed income estimates 88% of the time.

Over the past 3 months, EPS estimates have seen 0 upward revisions and 17 downward. Income estimates have seen 3 upward revisions and 23 downward.

Final week, the inventory rallied 6% forward of earnings anticipation.

October began with a pop as Goldman Sachs upgrades, citing ‘extra constructive risk-reward skew’

Extra on firm information ‘Pinterest pares fast achieve on report activist Elliott suggests potential firm sale’

Fast be aware: ‘Key social media ETF falls as Snap income disappoints and Twitter drama continues’

Amongst social friends, Snap plunged 28% on Q3 gross sales miss as extra ache is predicted.

Comparative worth efficiency of the inventory towards its friends exhibits win with a 15% surge in worth over the past six month.

SA Authors give the inventory a Purchase ranking and write ‘Pinterest: Susceptible To The Draw back’; ‘Pinterest Q3 Earnings: Ignore The Noise From Snap’; ‘Pinterest: Monetization Is The Title Of The Sport’

Wall St. ranking of Purchase with a worth goal of $25.56.

Quant ranking of Maintain with highest ranking to momentum and lowest to valuation.

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