Zacks: Brokerages Anticipate Twitter Inc (NYSE:TWTR) Will Announce Earnings of $0.28 Per Share

Wall Street analysts expect Twitter Inc (NYSE:TWTR) to announce earnings of $0.28 per share for the current quarter, Zacks reports. Ten analysts have issued estimates for Twitter’s earnings, with estimates ranging from $0.18 to $0.36. Twitter posted earnings per share of $0.31 during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.7%. The business is expected to report its next earnings results on Thursday, February 6th.

On average, analysts expect that Twitter will report full year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.51. For the next financial year, analysts forecast that the firm will report earnings of $0.84 per share, with EPS estimates ranging from ($0.03) to $1.11. Zacks’ EPS averages are an average based on a survey of research analysts that follow Twitter.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $875.21 million. During the same period last year, the firm posted $0.21 earnings per share. Twitter’s revenue for the quarter was up 8.7% compared to the same quarter last year.

Several equities analysts have commented on TWTR shares. ValuEngine lowered shares of Twitter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group restated a “hold” rating and issued a $38.00 target price (down from $44.00) on shares of Twitter in a report on Friday, October 25th. Goldman Sachs Group downgraded shares of Twitter from a “buy” rating to a “neutral” rating and lowered their price target for the company from $52.00 to $34.00 in a report on Thursday, October 24th. Morgan Stanley reiterated a “hold” rating and issued a $32.00 price target on shares of Twitter in a research report on Friday, October 25th. Finally, Aegis cut Twitter from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $48.00 to $33.00 in a research note on Thursday, October 24th. Five research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.24.

In other news, insider Michael Montano sold 1,750 shares of Twitter stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $52,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $39.68, for a total value of $185,226.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,950 shares of company stock valued at $3,576,078. Corporate insiders own 2.65% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Keystone Financial Group increased its position in Twitter by 3.5% during the 2nd quarter. Keystone Financial Group now owns 8,093 shares of the social networking company’s stock valued at $282,000 after purchasing an additional 270 shares during the period. Truvestments Capital LLC lifted its stake in shares of Twitter by 55.7% during the 3rd quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock worth $34,000 after purchasing an additional 299 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of Twitter by 24.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,544 shares of the social networking company’s stock worth $64,000 after purchasing an additional 308 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Twitter by 1.1% during the 2nd quarter. Impax Asset Management Group plc now owns 28,874 shares of the social networking company’s stock worth $1,008,000 after purchasing an additional 309 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Twitter by 8.0% during the second quarter. Signaturefd LLC now owns 4,193 shares of the social networking company’s stock valued at $146,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 71.68% of the company’s stock.

TWTR traded up $0.03 during trading hours on Friday, hitting $30.00. The company’s stock had a trading volume of 9,758,261 shares, compared to its average volume of 15,602,421. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 54.55, a P/E/G ratio of 0.54 and a beta of 0.59. The business’s 50-day moving average price is $31.78 and its 200-day moving average price is $37.54. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.28. Twitter has a 12 month low of $26.26 and a 12 month high of $45.85.

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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