Pinterest stock saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Pinterest stock has been consolidating in a tight trading range and is not currently near a proper entry. Look for the social media stock to form and break out of a new base.
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Pinterest stock sports a 92 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Pinterest's Earnings Keep Growing
The social media company reported 91% earnings growth for Q2. It has now posted accelerating EPS increases for three consecutive quarters. Sales growth increased 6%, up from 5% in the prior quarter. That marks two quarters of rising growth.
Pinterest stock earns the No. 5 rank among its peers in the Internet-Content industry group. Alphabet Cl C is the No. 1-ranked stock within the group.
