Pinterest’s stock price (NYSE:PINS) is in the midst of making new lows today, hitting $18.36, down 30% YTD, and 3.7% on the day, with earnings casting a shadow.

The company reports earnings after the closing bell, and with the QQQ’s under pressure today, down 1.54%, there are many names in the red ahead of the print.

Consensus sits at $1.33B revenue and $0.67 EPS, both aligned with the company’s prior guided midpoint, creating a setup where upside depends on either revenue exceeding the range or margin outperformance that rebuilds confidence in operating leverage.

The estimate revision pattern signals deteriorating confidence. Consensus EPS has been cut 45.5% over the past 30 days, reflecting analysts’ reassessment of…