What To Expect From Pinterest’s Q4 Earnings

Jabin Bastian /
2022/02/02 6:07 am EST
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Social commerce platform Pinterest (NYSE: PINS) will be reporting results tomorrow after market close. Here's what you need to know.

Last quarter Pinterest reported revenues of $632.9 million, up 42.9% year on year, in line with analyst expectations. It was a solid quarter for the company, with an exceptional revenue growth and a narrow beat of the top line analyst estimates. Monthly active users were up 2 million year on year to 444 million.

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 23.9% year on year to $874.5 million, slowing down from the 76.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Earnings are expected to come in at $0.46 per share.

Pinterest Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.31%.

With Pinterest being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for consumer internet stocks, but the whole sector have been hit hard on fears of higher interest rates, with the stocks down on average 9.68% over the last month. Pinterest is down 7.33% during the same time, and is heading into the earnings with analyst price target of $70.3, compared to share price of $30.7.

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

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