![]() Users who began engaging in Pinterest during COVID-19 continued to have high levels of engagement even after shelter-in-place restrictions were eased. In first-quarter 2021, global monthly active users (MAUs) increased 30% year over year to 478 million. The company also introduced its Content Claiming Portal in the to-be-reported quarter as a new tool that enables creators to claim their content and decide if and how it appears on Pinterest. With the help of product tagging within Idea Pins, Pinterest is aiming to help the creators to form shoppable content. This multi-page video format enables all the creators across the United States, the U.K., Australia, Canada, France, Germany, Austria and Switzerland to engage with video and explore content directly on Pinterest. Pinterest’s launch of Idea Pins feature in the second quarter is expected to have boosted user engagement. To read this article on click here.Pinterest, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can find more information on all of these metrics, and much more, on. ![]() Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This group has a Zacks Industry Rank of 61, putting it in the top 25% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. Internet - Software stocks are, on average, holding a PEG ratio of 2.12 based on yesterday's closing prices. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. We can also see that PINS currently has a PEG ratio of 2.71. Its industry sports an average Forward P/E of 47.4, so we one might conclude that Pinterest is trading at a discount comparatively. Looking at its valuation, Pinterest is holding a Forward P/E ratio of 40.2. Pinterest currently has a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate remained stagnant within the past month. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Recent revisions tend to reflect the latest near-term business trends. Investors might also notice recent changes to analyst estimates for Pinterest. These totals would mark changes of -47.79% and +8.97%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.59 per share and revenue of $2.81 billion. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $883.86 million, up 4.39% from the year-ago period. On that day, Pinterest is projected to report earnings of $0.28 per share, which would represent a year-over-year decline of 42.86%. Pinterest will be looking to display strength as it nears its next earnings release. In that same time, the Computer and Technology sector lost 3.63%, while the S&P 500 lost 2.59%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 5.91%.Ĭoming into today, shares of the digital pinboard and shopping tool company had lost 6.88% in the past month. The stock outpaced the S&P 500's daily loss of 0.25%. Pinterest (PINS) closed the most recent trading day at $24.28, moving +1.93% from the previous trading session.
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