This Social Media Stock Just Beat Expectations in a Tough Quarter. Is Now the Right Time to Buy?
Pinterest (NYSE: PINS) stock surged 12.39% on May 12, a few days after the company delivered a surprisingly strong Q1 earnings report.The numbers were hard to ignore. Revenue topped estimates. User growth increased to an all-time high. Margins moved in the right direction. And Pinterest pulled this off in what's typically the slowest stretch of the year for digital advertising.Still, it's hardly a liftoff. The stock's up on the year, but it's well below its pandemic-era peak. Even after a stronger Q1, Pinterest is trading more than 20% below where it was this time last year.Continue reading
Pinterest (NYSE: PINS) stock surged 12.39% on May 12, a few days after the company delivered a surprisingly strong Q1 earnings report.
The numbers were hard to ignore. Revenue topped estimates. User growth increased to an all-time high. Margins moved in the right direction. And Pinterest pulled this off in what's typically the slowest stretch of the year for digital advertising.
Still, it's hardly a liftoff. The stock's up on the year, but it's well below its pandemic-era peak. Even after a stronger Q1, Pinterest is trading more than 20% below where it was this time last year.
