Earnings Preview: Pinterest
Portfolio Pulse from Benzinga Insights
Pinterest (NYSE:PINS) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts estimating an EPS of $0.51. Historical data shows Pinterest has a mixed record of beating EPS estimates, with a notable 19.04% share price increase after last quarter's earnings beat. Shares have risen 63.89% over the last 52 weeks, indicating positive sentiment among long-term shareholders.
February 07, 2024 | 4:01 pm
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POSITIVE IMPACT
Pinterest is expected to report an EPS of $0.51 for the upcoming quarterly earnings. Historical performance shows significant share price movements post-earnings, with a 19.04% increase after last quarter's beat. Shares have appreciated 63.89% over the past year.
Given Pinterest's history of significant share price movements post-earnings and the positive trend over the past year, the upcoming earnings report is highly relevant. The anticipation of beating the EPS estimate and the potential for positive guidance could lead to an optimistic short-term impact on PINS stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100