Pinterest Q3 Earnings Preview: Spotlight On Amazon Partnership, Global User Revenue
Portfolio Pulse from Surbhi Jain
Pinterest Inc (PINS) is set to report its Q3 2023 earnings, with analysts expecting $0.20 in EPS and $743.4 million in revenue. The company's international monetization strategies are proving successful, with significant growth potential in Australia, Japan, and Latin America. The partnership with Amazon.com Inc (AMZN) and recovering ad spends are expected to boost the stock. However, maintaining and increasing ARPU in a competitive market and continued monetization from new markets could impact the business and stock. PINS stock is up 11.3% over the past year, and the latest price target is $33/share, representing a possible 34.8% upside.
October 30, 2023 | 2:28 pm
News sentiment analysis
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POSITIVE IMPACT
Amazon's partnership with Pinterest is expected to serve as a key catalyst for Pinterest's stock, indicating a positive impact on Amazon as well.
The partnership with Pinterest is expected to serve as a key catalyst for Pinterest's stock. This indicates a positive impact on Amazon as well, as successful partnerships can enhance the company's reputation and potentially lead to increased business opportunities.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Pinterest's Q3 earnings report, international monetization strategies, and partnership with Amazon are expected to positively impact the stock. However, challenges in maintaining ARPU and monetizing new markets could pose risks.
The expected positive Q3 earnings, successful international monetization strategies, and partnership with Amazon are likely to drive Pinterest's stock up. However, the challenges in maintaining ARPU and monetizing new markets could pose risks, potentially impacting the stock negatively.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100