In the latest trading session, Twitter closed at $39.59, marking a +0.23% move from the previous day. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the short messaging service had lost 13.61% over the past month. This has lagged the Computer and Technology sector's loss of 1% and the S&P 500's gain of 3.67% in that time.
Wall Street will be looking for positivity from Twitter as it approaches its next earnings report date. The company is expected to report EPS of $0.33, down 13.16% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.57 billion, up 21.7% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Twitter. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Twitter is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Twitter is currently trading at a Forward P/E ratio of 44.2. This represents a discount compared to its industry's average Forward P/E of 57.51.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Twitter (TWTR) Gains As Market Dips: What You Should Know
In the latest trading session, Twitter closed at $39.59, marking a +0.23% move from the previous day. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the short messaging service had lost 13.61% over the past month. This has lagged the Computer and Technology sector's loss of 1% and the S&P 500's gain of 3.67% in that time.
Wall Street will be looking for positivity from Twitter as it approaches its next earnings report date. The company is expected to report EPS of $0.33, down 13.16% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.57 billion, up 21.7% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Twitter. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Twitter is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Twitter is currently trading at a Forward P/E ratio of 44.2. This represents a discount compared to its industry's average Forward P/E of 57.51.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.