3 Reasons Pinterest Could Soar on Earnings

Pinterest (NYSE: PINS) is set to deliver its third-quarter earnings report after hours on Wednesday, Oct. 28. The stock price has already been a big winner this year, up more than 400% from its bottom during the March crash and nearly 300% year-to-date. Still, there are a number of reasons to believe the stock could tack on more gains after the earnings report comes out.

Here are three reasons why Pinterest stocks could soar later this week.

Snapchat parent Snap (NYSE: SNAP) posted blowout numbers last week, lifting the stock 28%, and it's continued to rally since then. The company's report was strong enough to lift the social media sector broadly as Snap delivered a 52% jump in revenue on 18% user growth.

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Source Fool.com