Twitter Inc. is scheduled to report third-quarter 2017 results on Oct. 26 before the opening bell.
Sluggish user growth coupled with declining revenues continues to dampen investor interest in the stock. Though focus on video streaming is the right way forward, it hasn’t yet yielded the desired results for this micro blogging site so far.
User Growth Stutters
Lackluster user growth remains the primary concern for investors. In the last reported quarter, user base was stagnant at 328 million monthly average users (MAUs) sequentially but registered a 5% jump year over year. Though daily average user growth was up 12% year over year, it decelerated from the prior-quarter’s growth of 14%.
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Twitter Inc. is scheduled to report third-quarter 2017 results on Oct. 26 before the opening bell.
Sluggish user growth coupled with declining revenues continues to dampen investor interest in the stock. Though focus on video streaming is the right way forward, it hasn’t yet yielded the desired results for this micro blogging site so far.
User Growth Stutters
Lackluster user growth remains the primary concern for investors. In the last reported quarter, user base was stagnant at 328 million monthly average users (MAUs) sequentially but registered a 5% jump year over year. Though daily average user growth was up 12% year over year, it decelerated from the prior-quarter’s growth of 14%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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