Twitter closed the most recent trading day at $50.45, moving +0.22% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.37%. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 0.24%.
Heading into today, shares of the short messaging service had gained 19.46% over the past month, outpacing the Computer and Technology sector's loss of 9.03% and the S&P 500's loss of 6.51% in that time.
Twitter will be looking to display strength as it nears its next earnings release. On that day, Twitter is projected to report earnings of $0.02 per share, which would represent year-over-year growth of 103.7%. Meanwhile, our latest consensus estimate is calling for revenue of $1.32 billion, up 2.99% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.24 per share and revenue of $5.42 billion, which would represent changes of +520% and +6.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Twitter. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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).
Digging into valuation, Twitter currently has a Forward P/E ratio of 40.76. This valuation marks a discount compared to its industry's average Forward P/E of 41.69.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TWTR in the coming trading sessions, be sure to utilize Zacks.com.
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Twitter (TWTR) Gains As Market Dips: What You Should Know
Twitter closed the most recent trading day at $50.45, moving +0.22% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.37%. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 0.24%.
Heading into today, shares of the short messaging service had gained 19.46% over the past month, outpacing the Computer and Technology sector's loss of 9.03% and the S&P 500's loss of 6.51% in that time.
Twitter will be looking to display strength as it nears its next earnings release. On that day, Twitter is projected to report earnings of $0.02 per share, which would represent year-over-year growth of 103.7%. Meanwhile, our latest consensus estimate is calling for revenue of $1.32 billion, up 2.99% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.24 per share and revenue of $5.42 billion, which would represent changes of +520% and +6.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Twitter. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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).
Digging into valuation, Twitter currently has a Forward P/E ratio of 40.76. This valuation marks a discount compared to its industry's average Forward P/E of 41.69.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TWTR in the coming trading sessions, be sure to utilize Zacks.com.