Analysts Expect Twitter Inc (NYSE:TWTR) Will Announce Earnings of $0.20 Per Share

Wall Street brokerages expect Twitter Inc (NYSE:TWTR) to announce $0.20 earnings per share for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Twitter’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.12. Twitter reported earnings of $0.21 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.8%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Twitter will report full-year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.31 to $2.65. For the next year, analysts expect that the firm will report earnings of $1.18 per share, with EPS estimates ranging from $0.72 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Twitter.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $828.07 million. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS.

Several analysts have commented on TWTR shares. Deutsche Bank boosted their price target on shares of Twitter from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Canaccord Genuity restated a “hold” rating and set a $42.00 target price (up from $32.00) on shares of Twitter in a research report on Wednesday, April 24th. They noted that the move was a valuation call. Royal Bank of Canada upped their target price on shares of Twitter to $42.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Rosenblatt Securities initiated coverage on shares of Twitter in a research report on Tuesday, July 23rd. They set a “neutral” rating and a $38.00 target price on the stock. Finally, Cowen upgraded shares of Twitter from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.91.

TWTR stock traded up $1.33 during mid-day trading on Tuesday, hitting $41.81. The company had a trading volume of 11,932,888 shares, compared to its average volume of 16,253,819. The company has a market capitalization of $31.35 billion, a P/E ratio of 76.02, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. Twitter has a 12-month low of $26.19 and a 12-month high of $43.48. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $38.63.

In other Twitter news, insider Vijaya Gadde sold 4,166 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $35.11, for a total value of $146,268.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Montano sold 1,250 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $37.17, for a total transaction of $46,462.50. The disclosure for this sale can be found here. Insiders have sold a total of 141,282 shares of company stock worth $5,500,467 over the last quarter. 2.65% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in Twitter by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock worth $262,033,000 after buying an additional 569,560 shares during the period. Nordea Investment Management AB raised its stake in Twitter by 2.4% during the 4th quarter. Nordea Investment Management AB now owns 37,562 shares of the social networking company’s stock worth $1,080,000 after buying an additional 889 shares during the period. Legacy Advisors LLC acquired a new position in Twitter during the 1st quarter worth approximately $55,000. Aries Wealth Management acquired a new position in Twitter during the 1st quarter worth approximately $227,000. Finally, Joel Isaacson & Co. LLC increased its holdings in Twitter by 3.5% during the 1st quarter. Joel Isaacson & Co. LLC now owns 49,898 shares of the social networking company’s stock worth $1,641,000 after purchasing an additional 1,703 shares in the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Earnings History and Estimates for Twitter (NYSE:TWTR)

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