It all sounds great for PINS stock but the broader data is worrisome. Moving forward, Pinterest is using the free organic marketing opportunity - the hostage audience catalyst, if you will - of the pandemic to bolster the platform from a place to browse to a vibrant community of people sharing their passions and expertise. For Q2 2021, the company grew global revenues by an astounding 125% year-on-year to $613 million,” stated my InvestorPlace colleague. “Moreover, while MAUs are the lifeblood of a social media platform, revenue generation is also important. For one thing, on a combined domestic-and-international basis, MAUs increased by nearly 9% to 454 million. When assessing the Q2 results from a year-over-year framework, it’s difficult not to get excited about PINS stock. So, is it time to trust Pinterest? MAU Fallout Is a Problem for PINS Stock Rather, it leaves the door open to a positive surprise in the upcoming quarter.” However, Navellier retorted that, “Pinterest, however, has evidently chosen to be honest and admit that it isn’t prepared to provide MAU guidance right now. Usually, investors read between the lines when a company fails to provide guidance and that’s what happened with PINS stock.
#Pins earnings date q3 2021 drivers#
Management stated that it couldn’t provide a forecast for monthly active users due to “lack of visibility into certain key drivers of engagement.” It’s not that the Q2 numbers were underwhelming but rather the guidance for Q3 was a no-show.
I’ll let you read the details of his arguments but in short, Navellier believes that the extreme pessimism toward Pinterest’s less-than-convincing second quarter of 2021 earnings report is unjustified.
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