Pinterest Earnings: What To Look For From PINS

Petr Huřťák /
2022/10/26 7:20 am EDT
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Social commerce platform Pinterest (NYSE: PINS) will be reporting results tomorrow after the bell. Here's what you need to know.

Last quarter Pinterest reported revenues of $665.9 million, up 8.59% year on year, missing in line with analyst expectations. It was a weak quarter for the company, with declining number of users and slow revenue growth. The company reported 433 million monthly active users, down 4.62% 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 5.32% year on year to $666.6 million, slowing down from the 42.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

Pinterest Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing four upward and three downward revisions over the last thirty days. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 4.66%.

Looking at Pinterest's peers in the consumer internet segment, only Snap has so far reported results, delivering top-line growth of 5.71% year on year, missing analyst estimates by 0.92%. The stock was down 21.5% on the results. Read our full analysis of Snap's earnings results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 0.37% over the last month. Pinterest is down 4.46% during the same time, and is heading into the earnings with analyst price target of $26.60, compared to share price of $21.59.

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