FMP
Feb 9, 2024 1:20 PM - Davit Kirakosyan
Shares of Pinterest (NYSE:PINS) experienced a significant drop, approximately 8%, pre-market today due to the company's fourth-quarter revenue falling below expectations and providing a cautious outlook for the March quarter.
In the fourth quarter of 2023, Pinterest reported an EPS of $0.53, which slightly exceeded the consensus prediction of $0.51. Nonetheless, its revenue of $981.3 million did not meet the anticipated $990.18 million.
Despite the shortfall in revenue, Pinterest saw better-than-expected growth in user numbers across all regions. In the U.S. and Canada, monthly active users reached 97 million, surpassing the estimate of 96.25 million. Europe's monthly active users stood at 135 million, outdoing the expected 129.79 million, and in the Rest of the World, the platform attracted 266 million users, exceeding the forecast of 260.88 million.
However, the average revenue per user (ARPU) was $2.00, which was slightly below the expected $2.08. The company also highlighted a strong adjusted EBITDA margin of 37%, which was above the analysts' prediction of 36.2%.
For the first quarter of 2024, Pinterest projects its revenue to range from $690 million to $705 million, with the midpoint falling below the analyst expectation of $702 million.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...