Pinterest, Inc. (NYSE:PINS) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.02 per share.
For the full year, analysts predict revenues of $ 1453.15 million, while looking forward to income of $ 0.04 per share.
Previous Quarter Performance
Pinterest, Inc. reported loss for the second quarter of $ 0.07 per share, from the revenue of $ 272.49 million. The quarterly revenues extended 4.30 percent compared with the same quarter last year. According to street consensus, PINS was expected to report 2Q20 loss of $ 0.13 per share from revenue of $ 251.24 million. The bottom line results beat street analysts by $ 0.06 or 46.15 percent, at the same time, top line results outshined analysts by $ 21.25 million or 8.46 percent.
Stock Performance
Shares of Pinterest, Inc. traded up $ 2.14 or 4.24 percent on Tuesday, reaching $ 52.60 with volume of 17.64 million shares. Pinterest, Inc. has traded high as $ 52.89 and has cracked $ 50.19 on the downward trend
According to the previous trading day, closing price of $ 52.60, representing a 399.60 % increase from the 52 week low of $ 10.10 and a 6.33 % decrease over the 52 week high of $ 53.87.
The company has a market capital of $ 31.59 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 26th October 2020, maintained by KeyBanc at Overweight rating, with $ 60.00 target price.
Conference Call
Pinterest, Inc. will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pinterest.com
Pinterest, Inc. provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.
