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Increased Earnings Estimates Seen for Twilio (TWLO): Can It Move Higher?

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Twilio (TWLO - Free Report) is a leading operator of cloud communications platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TWLO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Twilio could be a solid choice for investors.

Current Quarter Estimates for TWLO

In the past 30 days, eight estimates have gone higher for Twilio while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from breakeven earnings per share 30 days ago, to two cents today, a significant increase.

Current Year Estimates for TWLO

Meanwhile,Twilio’s current year figures are also looking quite promising, with 10 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of nine cents per share 30 days ago to earnings of three cents per share today, also a significant move.

Twilio Inc. Price and Consensus

Twilio Inc. Price and Consensus | Twilio Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding16% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

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