Pinterest Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Pinterest, Inc. (NYSE:PINS) is anticipated to report higher Q4 earnings with an expected EPS of 51 cents, up from 29 cents a year ago, and revenue forecasted at $989.53 million versus $877.21 million in the previous year. Analysts have revised their forecasts and ratings ahead of the earnings call, with several maintaining or upgrading their ratings and increasing their price targets. Pinterest shares fell 0.5% to close at $40.83 recently.
February 08, 2024 | 3:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pinterest is expected to report a significant increase in Q4 earnings and revenue, with analysts adjusting their forecasts and price targets upwards. Shares recently experienced a slight decline.
The anticipation of higher Q4 earnings and revenue for Pinterest, coupled with positive adjustments in analyst forecasts and price targets, suggests a bullish outlook for the stock. The slight recent dip in share price may offer a buying opportunity ahead of the earnings announcement, potentially leading to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100