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Stock impact report

Pinterest (PINS) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
The stock trailed the S&P 500, which registered a daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.24%. Coming into today, shares of the digital pinboard and shopping tool company had lost 2.39% in the past month. In that same time, the Computer and Technology sector gained 0.85%, while the S&P 500 gained 0.48%. The investment community will be closely monitoring the performance of Pinterest in its forthcoming earnings report. The company is forecasted to report an EPS of $0.14, showcasing a 75% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $699.44 million, indicating a 16.07% upward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.34 per share and a revenue of $3.58 billion, representing changes of +22.94% and +17.32%, respectively, Show less Read more
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