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Pinterest: Chance For Redemption

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Update - Nov. 8, 2024

Pinterest reported pretty solid Q3'24 numbers. The dip back to the lows around $30 makes no sense. The market is disappointed in guidance, but Pinterest still expects at least 15% growth. 

-Q3 Non-GAAP EPS of $0.40 beats by $0.06.

-Revenue of $898.37M (+17.7% Y/Y) beats by $1.93M.

Outlook: For Q4 2024, we expect revenue to be in the range of $1,125 million to $1,145 million vs. consensus of $1.14B, representing 15-17% growth year over year.


Finviz Chart


Original article posted on Nov. 5

  • Pinterest is set to report Q3'24 results on November 7, with consensus estimates reflecting strong growth.
  • Despite market disappointment with original Q3 guidance, the business focus on social commerce and AI tools is driving higher engagement and ad budget gains from major brands.
  • PINS stock is undervalued, trading at 18x 2025 EPS targets, with significant upside potential from consistent 15%+ growth and a strong cash balance.
Pinterest, Inc. (NYSE:PINS) heads into the Q3 earnings report needing to redeem the company after the big disappointment with Q2. The monetization focus on social commerce is supposedly driving advertising growth, yet the market hasn't been happy with somewhat volatile numbers. My investment thesis remains ultra Bullish on the stock, with the market overlooking strong profits now.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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