Fourth-quarter revenue is forecast at $886.78 million, up 29.5% sequentially and 4.7% higher year over year. Adjusted EPS are forecast at $0.28, up 153% sequentially but down 42.9% year over year. For the full 2022 fiscal year, analysts expect Pinterest to post EPS of $0.60, down 47.3%, on sales of $2.81 billion, up 9.1%.
Pinterest shares trade at 47.9 times expected 2022 EPS, 38.2 times estimated 2023 earnings of $0.75 and 25.8 times estimated 2024 earnings of $1.10 per share. The stock’s 52-week range is $16.14 to $29.17. The company does not pay a dividend. Over the past 12 months, total shareholder return was 15.9%.
Simon Property Group
Simon Property Group Inc. (NYSE: SPG) is a real estate investment trust (REIT) that owns more than 200 U.S. shopping malls, mills and other retail properties and some 32 retail properties globally. The company is the largest mall and shopping center management company in the United States. Its 52-week high will be one year old next week and is in no real danger of being exceeded or even met before then. Over the past 12 months, the stock is down 11%. Since the beginning of the year, shares are up more than 10%. Maybe a bargain; then again, maybe not. Regardless, the dividend is more than attractive.
Brokerage firms are optimistic about Simon’s prospects, with 10 of 19 having Buy or Strong Buy ratings and the other nine rating the stock at Hold. At a share price of around $129.00, the implied gain based on a median price target of $130.00 is less than 1%. At the high price target of $160.00, the implied gain is about 24%.
Estimates for the fourth quarter call for revenue of $1.29 billion, down 2.1% sequentially and by 3.0% year over year. Adjusted EPS are forecast at $1.77, up 23.6% sequentially and 16.4% higher year over year. For the full 2022 fiscal year, analysts are looking for EPS of $6.11, a gain of about 5% year over year, and sales of $5.07 billion, down about 1%.
The shares trade at 21.1 times expected 2022 EPS, 20.8 times estimated 2023 earnings of $6.21 and 20.6 times estimated 2024 earnings of $6.28 per share. The stock’s 52-week range is $86.02 to $149.50, and the company pays an annual dividend of $7.20 (yield of 5.58%). Total shareholder return over the past year was negative 5.37%.
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