Avg Daily Volume: 14,375,360 Market Cap: 15.8B Sector: None Short Interest: None |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: -.11/share REV: 200/M
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LAST QTR: EPS: N/A/share ESTIMATED: N/A/share (—-)
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NEXT QTR: EPS: -.08/share REV: 232/M
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FY19: EPS: -.13/share REV: 1,060/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: N/A % OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) — —- —-
POTENTIAL JUMP MOVE: 13-15%
Links To Latest News and Headlines
In the latest trading session, Pinterest (PINS) closed at $37.55, marking a -0.87% move from the previous day.
Snap stock and shares of Pinterest and Reddit will be in the spotlight when the social networks post quarterly results that are expected to offer insights into the strength of the digital advertising market. Reddit is looking to build off a strong market debut.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Pinterest (PINS) appears to be treading in the middle of the road, and new investors could be better off if they trade with caution.
Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Pinterest (PINS), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended June 2024.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
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Stockjumpers trajectory analysis reveals a negative market reaction to the target’s release news. This is their FIRST reporting quarter since their IPO. They have been one of the better performers of the new crop of tech IPOs in 2019. In its first day on the street the stock opened 25% higher than its $19/share IPO price up to $35/share. It is just under $30/share today. We see them see-sawing on the release news and investors will be looking for clues in the guidance for next quarter.
We are SHORT on the event.
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TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A (due to whipsaw)
TAKE PROFIT: 10%
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UPDATE: (2:05PM) The stock price is up almost 6% – as investors are expecting a positive release. Our data shows a drop and the newest models seem to confirm that. We are still biased short.
POST RELEASE ACTION:
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.