In the latest trading session, Twitter closed at $33.13, marking a +0.7% move from the previous day. This change outpaced the S&P 500's 0.79% loss on the day. Elsewhere, the Dow lost 0.85%, while the tech-heavy Nasdaq lost 1.11%.
Prior to today's trading, shares of the short messaging service had gained 14.71% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Investors will be hoping for strength from TWTR as it approaches its next earnings release, which is expected to be February 7, 2019. The company is expected to report EPS of $0.25, up 31.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $871.59 million, up 19.14% from the prior-year quarter.
Any recent changes to analyst estimates for TWTR should also be noted by investors. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.88% higher. TWTR is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, TWTR currently has a Forward P/E ratio of 37.39. Its industry sports an average Forward P/E of 51.5, so we one might conclude that TWTR is trading at a discount comparatively.
Investors should also note that TWTR has a PEG ratio of 1.7 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 2.6 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much 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 $33.13, marking a +0.7% move from the previous day. This change outpaced the S&P 500's 0.79% loss on the day. Elsewhere, the Dow lost 0.85%, while the tech-heavy Nasdaq lost 1.11%.
Prior to today's trading, shares of the short messaging service had gained 14.71% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Investors will be hoping for strength from TWTR as it approaches its next earnings release, which is expected to be February 7, 2019. The company is expected to report EPS of $0.25, up 31.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $871.59 million, up 19.14% from the prior-year quarter.
Any recent changes to analyst estimates for TWTR should also be noted by investors. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.88% higher. TWTR is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, TWTR currently has a Forward P/E ratio of 37.39. Its industry sports an average Forward P/E of 51.5, so we one might conclude that TWTR is trading at a discount comparatively.
Investors should also note that TWTR has a PEG ratio of 1.7 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 2.6 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.