Pinterest Rises 1.89% as Major Indexes Post Mixed Session

Pinterest shares closed at $18.89, up 1.89% from the previous session. The S&P 500 fell 0.25% and the Dow lost 0.86%, while the Nasdaq gained 0.24%.

Over the past month, Pinterest shares fell 12.75%. The Computer and Technology sector gained 4% during that period, while the S&P 500 declined 0.42%.

Zacks consensus estimates call for Pinterest to report earnings of $0.50 per share in its upcoming report, up 31.58% from a year earlier. Revenue is forecast at $1.2 billion, a 14.42% increase.

For the full year, Zacks estimates earnings of $2.06 per share and revenue of $4.89 billion. Those figures would represent year-over-year gains of 28.75% and 15.93%, respectively. Zacks said its consensus estimate for quarterly earnings per share had not changed in the past 30 days.

Zacks listed Pinterest’s forward price-to-earnings ratio at 9.01, compared with 18.78 for the Internet-Software industry. Its PEG ratio was 0.34, versus an industry average of 1.15.