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PINS
Benzinga
12 days

Pinterest Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. PINS is expected to report earnings of 35 cents per share. 2. Projected revenue is $975.52 million, up from $853.68 million. 3. Analysts have increased price targets for PINS, signaling optimism. 4. PINS shares rose by 0.6% to $39.10 ahead of earnings. 5. Third-quarter guidance shows earlier sales estimates exceeded expectations.

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FAQ

Why Bullish?

Analysts revising price targets upward indicates market confidence and potential share price uplift. Historically, similar earnings forecasts have led to positive price movement for tech stocks.

How important is it?

The expected positive earnings and revenue growth are crucial for investor sentiment. Analysts' upgrades further solidify the stock's attractive outlook.

Why Short Term?

Earnings reports typically lead to immediate price reactions in the stock market. The upcoming results could influence short-term trading behavior.

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