by Social Commerce Platform Pinterest (NYSE: Pins) will report results on Thursday after the market. This is what you have to look for.
Pinterest defeated the revenue expectations of the analysts by 1% last quarter, with a turnover of $ 855 million, an increase of 15.5% year after year. It was a mixed quarter for the company, with a solid beat from the EBITDA estimates of analysts, but income guidance for the expectations of the next quarter somewhat missing analysts. It reported 570 million monthly active users, an increase of 10% year after year.
Will Pinterest be a purchase or sell in income? Read our full analysis here, it’s free.
This quarter, analysts expect Pinterest to grow by 14.4% year after year to $ 976.4 million, which slows down from the 20.6% increased IT that was registered in the same quarter last year. The adjusted income is expected to receive $ 0.35 per share.
The majority of analysts covering the company has re -confirmed their estimates in the last 30 days, which suggests that the company expects the course to be on their way to income. Pinterest has only missed Wall Street’s turnover estimates in the past two years, with the top expectations of 1.4%on average.
Looking at Pinterest’s colleagues in the social network segment, some have already reported their Q2 results, so we give a hint about what we can expect. Reddit yielded revenue growth on an annual basis of 77.7%, in which the expectations of analysts were defeated by 17.2%, and Meta reported a turnover with 21.6%, topping estimates with 6%. Reddit traded 16.9% after the results, while the meta also rose by 11.2%.
Read our complete analysis of the results of Reddit and the results of Meta here here.
Investors in the social network segment have had stable hands in the profit, with stock prices flat last month. Pinterest has risen by 9.3% at the same time and goes in profit with an average analyst price objective of $ 42.03 (compared to the current share price of $ 38.98).
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