Pinterest (NYSE:PINS – Get Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Pinterest has set its Q1 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Pinterest (NYSE:PINS – Get Free Report) last released its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The firm had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. On average, analysts expect Pinterest to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Pinterest Stock Up 4.0 %
NYSE PINS opened at $33.96 on Monday. The company’s 50 day moving average is $34.56 and its 200-day moving average is $34.22. Pinterest has a 12-month low of $20.60 and a 12-month high of $41.60. The firm has a market cap of $23.06 billion, a P/E ratio of -565.91, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on PINS
Insider Activity
In other news, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total value of $65,949.40. Following the completion of the sale, the director now owns 33,580 shares of the company’s stock, valued at approximately $1,145,078. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total transaction of $65,949.40. Following the completion of the sale, the director now owns 33,580 shares of the company’s stock, valued at approximately $1,145,078. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction of $866,310.90. Following the sale, the insider now directly owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,471 shares of company stock valued at $6,525,231. Corporate insiders own 6.85% of the company’s stock.
About Pinterest
Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.
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