Pinterest Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Pinterest, Inc. PINS is expected to release earnings results for its third quarter, after the closing bell on Feb. 8, 2024.

Analysts expect the company to report quarterly earnings at 51 cents per share, up from year-ago earnings of 29 cents per share. The company is projected to post revenue of $989.53 million for the latest quarter, compared to $877.21 million in the year-earlier quarter, according to data from Benzinga Pro.

Pinterest, during October, reported better-than-expected third-quarter financial results.

Pinterest shares fell 0.5% to close at $40.83 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Roth MKM analyst Rohit Kulkarni maintained a Neutral rating and raised the price target from $31 to $37 on Jan. 30, 2024. This analyst has an accuracy rate of 82%.
• Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating and boosted the price target from $45 to $50 on Jan. 26, 2024. This analyst has an accuracy rate of 80%.
• Stifel analyst Mark Kelley maintained a Buy rating and raised the price target from $26 to $32 on Jan. 9, 2024. This analyst has an accuracy rate of 87%.
• Wedbush analyst Scott Devitt maintained a Neutral rating and increased the price target from $32 to $35 on Dec. 27, 2023. This analyst has an accuracy rate of 83%.
• RBC Capital analyst Brad Erickson upgraded the stock from Sector Perform to Outperform and raised the price target from $32 to $46 on Dec. 11, 2023. This analyst has an accuracy rate of 73%.

Read This Next: Jim Cramer Says This Real Estate Stock Is 'Done Going Down, That's A Gutsy Call By Me'