Published on 8 May 2024 on Zacks via Yahoo Finance
Pinterest, Inc. (PINS) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Pinterest (PINS)? Shares have been on the move with the stock up 20.9% over the past month. The stock hit a new 52-week high of $42.09 in the previous session. Pinterest has gained 13.1% since the start of the year compared to the 12.6% move for the Zacks Computer and Technology sector and the 12.2% return for the Zacks Internet - Software industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 30, 2024, Pinterest reported EPS of $0.2 versus consensus estimate of $0.14 while it beat the consensus revenue estimate by 5.72%.