Pinterest, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Pinterest, Inc. PINS.N reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of thirty three analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 36 cents to 53 cents per share.

• Revenue rose 11.9% to $1.17 billion from a year ago; analysts expected $1.21 billion.

• Pinterest, Inc.'s reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $21.52 million.

• Pinterest, Inc. shares had risen by 10.7% this quarter and lost 19.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 20 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Pinterest, Inc. is $28.00, about 28.9% above its last closing price of $19.92

This summary was machine generated from LSEG data October 29 at 11:14 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)