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Trading Strategies for Pinterest Stock Before And After Q4 Earnings

Benzinga ·  Feb 9 03:46

Pinterest, Inc(NYSE:PINS) is set to print fourth-quarter financial results after the market closes Thursday. The stock was trading near flat heading into the event.

When the social media and "idea" generating stock printed its third-quarter results on Oct. 30, the stock gapped up over 17% the following day and entered a steep uptrend, which brought Pinterest to a high of $41.60 on Tuesday.

For the third quarter, Pinterest reported EPS of 28 cents on revenue of $763 million. The company beat the EPS estimate of 20 cents and revenues of $743.5 million.

For the fourth quarter, analysts estimate Pinterest will print earnings per...

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