Pinterest Headwinds See BofA Lower Estimates, But Analyst Optimistic About AI Solutions
Pinterest Headwinds See BofA Lower Estimates, But Analyst Optimistic About AI Solutions
Post lowered revenue estimate to $817 million and EBITDA by 7% to $132 million for the first quarter.BofA Securities analyst Justin Post lowered estimates for Pinterest, Inc. (NYSE:PINS), while maintaining a Buy rating with a price target of $39.
美國銀行證券分析師賈斯廷·波士特下調了Pinterest, Inc. (紐交所:PINS) 的預估，同時維持買入評級，目標價爲39美元。
The analyst slightly reduced the estimates due to ongoing weakness in the F&B ad category, tough comps and foreign exchange (FX) impacts.
分析師略微下調了預估，原因是F&B廣告類別持續疲軟、比較基數高以及外匯（FX）影響。
Fourth-quarter revenue is lowered by $4 million for FX, now expecting 16% Y/Y growth (vs. prior guide of 15%-17%), added the analyst.
第四季度的營業收入因外匯減少了400萬，現在預計同比增長16%（相比之前的指導爲15%-17%），分析師補充說。
Post lowered revenue estimate to $817 million and EBITDA by 7% to $132 million for the first quarter.
波士特將第一季度的營業收入預估下調至81700萬，EBITDA下調7%至13200萬。
The analyst said concerns are rising that first quarter Street estimates may be too high and he now expects 10% revenue growth, below the 14% consensus, factoring in pressures from Leap Year/Easter, FX and F&B.
分析師表示，關於第一季度的街頭估算的擔憂正在上升，他現在預計營業收入增長爲10%，低於14%的共識，考慮到閏年/復活節、外匯和F&B的壓力。
Also, for 2025, Post cut revenue by 1% to $4.1 billion and EBITDA by 2% to $1.18 billion, but expect growth to accelerate post-first quarter, reaching 15% in the fourth quarter.
此外，波士特將2025年的營業收入下調1%至41億，EBITDA下調2%至11.8億，但預計第一季度後增長將加速，第四季度達到15%。
Sentiment may improve in 2025 with potential acceleration post-first quarter, driven by AI solutions, 3P deals and stabilizing F&B growth, adds the analyst.
分析師補充說，2025年情緒可能在第一季度後改善，預計有可能加速，受到人工智能解決方案、第三方交易和F&B增長穩定的驅動。
Post projected management to outline a return to long-term growth rates and highlight margin improvement despite a 15% y/y headcount increase in the third quarter.
波士特預計管理層將概述恢復長期增長率，並強調儘管第三季度員工人數同比增長15%，但邊際改善依然顯著。
Investors can gain exposure to Pinterest through Global X Social Media ETF (NASDAQ:SOCL) and Trenchless Fund ETF (NYSE:RVER).
投資者可以通過社交媒體ETF-Global X（納斯達克：SOCL）和Trenchless基金ETF（紐交所：RVER）接觸Pinterest。
PINS Price Action: Pinterest shares are down 1.23% at $31.42 at publication Wednesday.
PINS價格動態：在發表時，Pinterest的股票下跌1.23%，報$31.42。
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Photo: Shutterstock
Photo: Shutterstock
譯文內容由第三人軟體翻譯。
