![]() PINS does not expect the agreement to meaningfully impact its financial results until 2024. The deal “will be rolled out over several quarters,” Search Engine Land reported. Under the agreement, Pinterest will host ads for Amazon that will take Pinterest’s users directly to Amazon’s website. Meanwhile, Pinterest and Amazon announced an advertising deal. Pinterest (PINS) Earnings Date, Estimates & Call Transcripts 28.60 +0.36 (+1.27) (As of 05:42 PM ET) Compare Today's Range 28.44 29.04 50-Day Range 25.39 28.99 52-Week Range 20.60 30.86 Volume 9.35 million shs Average Volume 11.27 million shs Market Capitalization 19.16 billion P/E Ratio N/A Dividend Yield N/A Price Target 31. However, its adjusted net income dropped 16% year over year (YOY), while its share-based compensation soared almost 100% YOY to $143 million. Its earnings per share, excluding certain items, came in at 8 cents versus analysts’ mean outlook of 2 cents. ![]() Pinterest’s Q1 revenue climbed almost 5% versus the same period a year earlier, surpassing analysts’ average estimate of slightly above 3% growth. Investors were disappointed by the company’s guidance, which did not anticipate an acceleration of the firm’s top-line increases and incorporated high spending growth. However, the social media website reported stronger-than-expected first-quarter results and unveiled a new partnership with Amazon (NASDAQ: AMZN). The average price target represents a 17.24 change from the last price of 28.08. The average price target is 32.92 with a high forecast of 45.00 and a low forecast of 24.00. Pinterest (NYSE: PINS) stock is tumbling 11% in early trading. (17.24 Upside) Based on 26 Wall Street analysts offering 12 month price targets for Pinterest in the last 3 months. ![]()
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