![]() Pinterest Inc has a market cap of $23.04 billion its shares were traded at around $38.36 with and P/S ratio of 17.84. Warning! GuruFocus has detected 4 Warning Sign with PINS. You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.CFO of Pinterest Inc ( 30-Year Financial, Insider Trades) Todd R Morgenfeld ( insider trades) sold 55,000 shares of PINS on at an average price of $34.31 a share. Simply Wall St has no position in any stocks mentioned. ![]() Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. It is also worth noting that we have found 1 warning sign for Pinterest that you need to take into consideration. We have forecasts for Pinterest going out to 2025, and you can see them free on our platform here. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.įollowing on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. Sadly, they also downgraded their sales forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. The most important thing to take away is that the analysts are expecting Pinterest to become unprofitable next year. So it's pretty clear that, while Pinterest's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. Compare this to the 140 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 9.3% per year. This is compared to a historical growth rate of 33% over the past five years. It's pretty clear that there is an expectation that Pinterest's revenue growth will slow down substantially, with revenues to the end of 2023 expected to display 8.4% growth on an annualised basis. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business. Currently, the most bullish analyst values Pinterest at US$39.00 per share, while the most bearish prices it at US$20.00. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There was no major change to the consensus price target of US$29.11, signalling that the business is performing roughly in line with expectations, despite lower earnings per share forecasts. There looks to have been a significant drop in sentiment regarding Pinterest's prospects after these latest results, with a minor downgrade to revenues and the analysts now forecasting a loss instead of a profit. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.21b and earnings per share (EPS) of US$0.041 in 2023. Statutory losses are forecast to balloon 67% to US$0.047 per share. This would be a solid 8.4% improvement in sales compared to the last 12 months. Following the latest results, Pinterest's 26 analysts are now forecasting revenues of US$3.04b in 2023.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |