Earnings To Watch: Pinterest (PINS) Reports Q4 Results Tomorrow

Petr Huřťák /
2024/02/07 2:02 am EST

Social commerce platform Pinterest (NYSE: PINS) will be reporting results tomorrow afternoon. Here's what you need to know.

Last quarter Pinterest reported revenues of $763.2 million, up 11.5% year on year, beating analyst revenue expectations by 2.7%. It was a good quarter for the company, with revenue exceeding expectations, driven by better-than-expected growth in monthly active users. Its adjusted EBITDA and EPS also topped estimates. The company reported 482 million monthly active users, up 8.3% year on year.

Is Pinterest buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Pinterest's revenue to grow 12.8% year on year to $989.6 million, improving on the 3.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.

Pinterest Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing seven upwards revisions over the last thirty days.The company missed Wall St's revenue estimates twice over the last two years.

Looking at Pinterest's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Meta delivered top-line growth of 24.7% year on year, beating analyst estimates by 2.4% and Snap reported revenues up 4.7% year on year, missing analyst estimates by 1.5%. Meta traded up 20.3% on the results, and Snap was down 29.5%.

Read our full analysis of Meta's results here and Snap's results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Pinterest is up 4.3% during the same time, and is heading into the earnings with analyst price target of $40.3, compared to share price of $39.4.

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The author has no position in any of the stocks mentioned.