Pinterest (PINS) Stock Sinks As Market Gains: What You Should Know

Pinterest (PINS) closed at $31 in the latest trading session, marking a -1.49% move from the prior day. This change lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow gained 1.01%, and the Nasdaq, a tech-heavy index, lost 0.14%.The digital pinboard and shopping tool company's stock has dropped by 14.9% in the past month, falling short of the Computer and Technology sector's loss of 8.88% and the S&P 500's loss of 6.22%.Market participants will be closely following the financial results of Pinterest in its upcoming release. In that report, analysts expect Pinterest to post earnings of $0.25 per share. This would mark year-over-year growth of 25%. At the same time, our most recent consensus estimate is projecting a revenue of $847.24 million, reflecting a 14.49% rise from the equivalent quarter last year.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.82 per share and a revenue of $4.28 billion, representing changes of +41.09% and +17.29%, respectively, from the prior year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pinterest. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 2.58% rise in the Zacks Consensus EPS estimate. Pinterest is holding a Zacks Rank of #3 (Hold) right now.In terms of valuation, Pinterest is currently trading at a Forward P/E ratio of 17.31. Its industry sports an average Forward P/E of 26.45, so one might conclude that Pinterest is trading at a discount comparatively.Also, we should mention that PINS has a PEG ratio of 0.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Software industry stood at 2.01 at the close of the market yesterday.The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 75, positioning it in the top 30% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pinterest, Inc. (PINS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks