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Pinterest Inc(PINS-N)
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Earnings To Watch: Pinterest (PINS) Reports Q1 Results Tomorrow

StockStory - Mon Apr 29, 2:02AM CDT

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Social commerce platform Pinterest (NYSE: PINS) will be announcing earnings results tomorrow after the bell. Here's what to look for.

Pinterest met analysts' revenue expectations last quarter, reporting revenues of $981.3 million, up 11.9% year on year. It was a weak quarter for the company, with a miss of analysts' revenue estimates and slow revenue growth. The company reported 498 million monthly active users, up 10.7% year on year.

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

This quarter, analysts are expecting Pinterest's revenue to grow 16.2% year on year to $700.1 million, improving on the 4.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share.

Pinterest Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they are expecting the business to stay the course heading into earnings. Pinterest has missed Wall Street's revenue estimates three times over the last two years.

Looking at Pinterest's peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Snap delivered year-on-year revenue growth of 20.9%, beating analysts' expectations by 6.6%, and Meta reported revenues up 27.3%, in line with Wall Street's consensus estimates. Snap traded up 27.5% following the results while Meta was down 10.6%.

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

Inflation fears have put pressure on growth stocks, and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share price declining 3.9% over the last month. Pinterest is down 3.3% during the same time and is heading into earnings with an average analyst price target of $42.9 (compared to share price of $34.16).

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