Pinterest Set to Announce Q3 Earnings Results
October 27, 2022
Trending News 🌥️
Pinterest Stock Intrinsic Value – Pinterest ($NYSE:PINS) is a social media company that allows users to share photos and videos. The company is set to announce its Q3 earnings results on Wednesday, October 26th, after the market closes. The consensus EPS Estimate is $0.06 and the consensus Revenue Estimate is $666.7M.
Investors will be closely watching Pinterest’s Q3 earnings results to see how the company is performing. Pinterest is expected to report strong growth in revenue and users, as it has in past quarters. Analysts will also be interested in any updates on Pinterest’s plans to monetize its platform, which it has been working on for several years.
Earnings
In their last earnings report ending on June 30, PINTEREST earned a total revenue of 2720.4M USD and a net income of 220.3M USD. Compared to the previous year, this is a 5.5% increase in total revenue but a decrease of 30.4% in net income. PINTEREST’s total revenue has grown significantly in the past three years, reaching 2720.4M USD in the most recent quarter.
Market Price
So far, news sentiment about the company’s prospects has been mostly positive. However, on Wednesday, PINTEREST stock opened at $21.7 and closed at $22.0, down by 2.4% from its prior closing price of $22.6. Overall, Pinterest remains a strong company, and investors are hopeful that its Q3 results will reflect this.
VI Analysis – Pinterest Stock Intrinsic Value
PINTEREST is a social media platform that allows users to share and discover new interests by posting and viewing images and videos. The company’s fundamentals reflect its long term potential and the fair value of PINTEREST shares is around $52.5, calculated by VI Line. Now PINTEREST stock is traded at $22.0, undervalued by 58%.
VI Peers
The social media landscape is constantly changing and evolving, which can make it hard to keep up with the competition. The company has been growing in popularity in recent years, but faces stiff competition from other social media giants such as Meta Platforms Inc, Twitter Inc, and Snap Inc.
– Meta Platforms Inc ($NYSE:TWTR)
Twitter, Inc. is an American microblogging and social networking service on which users post and interact with messages known as “tweets”. Registered users can post, like, and retweet tweets, but unregistered users can only read them. The company was founded in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams and has more than 24,000 employees.
– Twitter Inc ($NYSE:SNAP)
Snap Inc has a market cap of 15.45B as of 2022. The company has a Return on Equity of -20.9%. Snap Inc is a camera company. The company’s flagship product, Snapchat, is a camera app that allows users to take photos, record videos, add text and drawings, and send them to recipients.
Summary
PINTEREST is a social media company that operates a visual discovery engine. The company allows users to save and organize images and videos from the web and from its own library. It also provides users with recommendations for content based on their interests. PINTEREST has been growing rapidly in recent years and is now one of the most popular social media platforms. Investors are bullish on PINTEREST because of its strong user growth and engagement.
The company is also benefiting from the shift to digital advertising, as more advertisers are looking to reach users on social media platforms. PINTEREST is well-positioned to capitalize on this trend as it has a large and growing user base and a strong engagement. The stock is not cheap, but it is still a good value at current levels.
