Pinterest (PINS) grows amid market decline

08.09.2023

Shares of Pinterest (PINS) ended the last trading day at $28, up +1.27% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.32%. Meanwhile, the Dow added 0.17% and the Nasdaq, an index focused on the technology sector, lost 0.89%.

By today, shares of the company, which creates digital pinboards and shopping tools, were up 5.61% over the past month. During the same time, the computer technology sector has gained 1.88%, while the S&P 500 index has lost 0.12%.

Pinterest will be looking to show its strength ahead of its next earnings report. In that report, analysts expect that Pinterest will post $0.21 earnings per share. This represents a year-over-year growth rate of 90.91%. Meanwhile, our latest consensus estimate would put the company’s revenue at $739.77 million, up 8.07% from the previous quarter.