On September 19, 2023, Pinterest, Inc. made an exciting announcement by appointing Scott Schenkel to its Board of Directors. Schenkel, a seasoned professional with a remarkable background, brings a wealth of experience to the table.
Having spent an impressive 13 years at eBay, Schenkel’s journey with the company was nothing short of remarkable. He held various leadership positions, including Chief Financial Officer and even served as the Interim Chief Executive Officer. This demonstrated his ability to navigate through challenging times and make crucial decisions.
Before his tenure at eBay, Schenkel had a successful career at General Electric, where he served as the Chief Financial Officer for multiple business lines. This experience allowed him to develop a deep understanding of financial strategies and management.
Currently, Schenkel also serves on the Board of Directors at NetApp, a leading data management company. During his time there, he held the position of Audit Committee Chairman from 2019 to 2022, showcasing his expertise in overseeing financial matters. In late 2022, he transitioned to become the Talent and Compensation Committee Chair, highlighting his ability to adapt and take on new responsibilities.
In addition to his role at NetApp, Schenkel is also a member of the Board of Directors at Forter, a trusted platform for digital commerce. Forter’s cutting-edge technology enables accurate and real-time decision-making for every digital interaction, making it a vital player in the industry.
Schenkel’s educational background is equally impressive. He holds a B.S. in Finance from Virginia Polytechnic Institute and State University’s Pamplin College of Business. This foundation has undoubtedly contributed to his success in the finance and business world.
With his extensive experience and diverse skill set, Schenkel’s appointment to Pinterest’s Board of Directors is a strategic move that will undoubtedly benefit the company. His expertise in finance, leadership, and strategic decision-making will provide valuable insights as Pinterest continues to grow and innovate in the digital landscape.
Pinterest, Inc.
PINS
Buy
Updated on: 19/09/2023
Financial Health
Healthy
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
PINS Stock Performance: Mixed Results on September 19, 2023 with Positive Earnings Growth
PINS, the stock of Pinterest, had a mixed performance on September 19, 2023, according to data from CNN Money. The stock opened at $25.14, slightly lower than the previous day’s close of $25.40. Throughout the day, PINS had a trading range of $24.38 to $26.87. The stock closed at $X, representing a change of -$X or a X% decrease from the previous day.
With a volume of 33,507,051 shares traded, PINS experienced significantly higher trading activity compared to its three-month average volume of 10,462,428 shares. This increased trading activity suggests heightened investor interest and potentially increased volatility in the stock.
PINS has a market capitalization of $17.2 billion, indicating its size and value in the market. The company’s earnings growth over the past year was -129.19%, reflecting a decline in profitability. However, PINS has shown positive earnings growth of +28.25% for the current year, indicating a potential recovery in its financial performance.
Looking ahead, analysts expect PINS to face challenges in the next five years, with a projected earnings growth rate of -139.00%. This suggests that the company may struggle to maintain or increase its profitability in the coming years.
On the revenue front, PINS experienced a growth rate of +8.71% in the last year, indicating an increase in its top-line performance. This growth in revenue may be attributed to factors such as an expanding user base or successful monetization strategies.
PINS does not have a Price/Earnings (P/E) ratio available, denoted as NM (not meaningful). This could be due to negative earnings or other factors affecting the calculation of the ratio. However, the stock has a Price/Sales ratio of 5.77 and a Price/Book ratio of 5.35, which can provide insights into the company’s valuation relative to its sales and book value.
In comparison to other technology services and internet software/services companies, PINS had a mixed performance on September 19, 2023. TWTradeweb Markets Inc and Match Group Inc experienced declines in their stock prices, while Snap Inc and Sea Ltd saw modest increases.
PINS is scheduled to report its next earnings on November 2, 2023. Analysts are forecasting an earnings per share (EPS) of $0.18 for the current quarter. In the previous year, PINS generated $2.8 billion in annual revenue but reported a net loss of -$96.0 million. The negative net profit margin of -3.43% indicates that the company’s expenses exceeded its revenue, resulting in a loss.
PINS operates in the technology services sector and the internet software/services industry. The company is headquartered in San Francisco, California. Unfortunately, no executives were available for display.
In conclusion, PINS had a mixed performance on September 19, 2023, with the stock opening slightly lower and experiencing a trading range throughout the day. The company has shown positive earnings growth for the current year but is projected to face challenges in the next five years. PINS has also experienced revenue growth in the past year, but its profitability remains negative. Investors should closely monitor the company’s financial performance and industry trends to make informed investment decisions.
Pinterest Inc (PINS) Stock Performance: Promising Outlook and Stable Financial Position in 2023
On September 19, 2023, Pinterest Inc (PINS) displayed a promising performance in the stock market. According to data from CNN Money, 26 analysts offered 12-month price forecasts for PINS, with a median target of 31.85. The high estimate was 45.00, while the low estimate was 24.00. This indicates a potential increase of 21.52% from the last recorded price of 26.21.
The consensus among 31 polled investment analysts was to hold stock in Pinterest Inc. This rating has remained steady since September, when it was unchanged from a hold rating. It suggests that investors are cautiously optimistic about the company’s future prospects.
Moving on to the financial performance of Pinterest Inc, the current quarter reported earnings per share of $0.18 and sales of $737.5 million. These figures indicate a stable financial position for the company.
Investors can look forward to the upcoming reporting date of November 02, when Pinterest Inc will release its financial results for the quarter.
Overall, Pinterest Inc’s stock performance on September 19, 2023, appears positive. The 12-month price forecasts suggest a potential increase, and the consensus among investment analysts is to hold the stock. However, investors should keep an eye on the upcoming financial report to make informed decisions about their investments in Pinterest Inc.
Discussion about this post