Zacks: Brokerages Expect Twitter Inc (NYSE:TWTR) Will Announce Quarterly Sales of $997.35 Million

Equities research analysts expect Twitter Inc (NYSE:TWTR) to post sales of $997.35 million for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Twitter’s earnings, with the lowest sales estimate coming in at $975.50 million and the highest estimate coming in at $1.01 billion. Twitter posted sales of $908.84 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The business is scheduled to report its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Twitter will report full year sales of $3.46 billion for the current year, with estimates ranging from $3.43 billion to $3.56 billion. For the next year, analysts expect that the business will post sales of $3.97 billion, with estimates ranging from $3.82 billion to $4.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Twitter.

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

Several equities research analysts have recently commented on the company. Aegis lowered 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. Wells Fargo & Co lowered their target price on Twitter from $45.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. Bank of America set a $39.00 price target on Twitter and gave the company a “buy” rating in a report on Friday, October 25th. MKM Partners restated a “neutral” rating and issued a $44.00 price target on shares of Twitter in a research report on Friday, October 18th. Finally, TheStreet cut Twitter from a “b” rating to a “c+” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $37.24.

In other Twitter news, Director Fox Martha Lane sold 8,459 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $41.42, for a total value of $350,371.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ned D. Segal sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $29.36, for a total value of $234,880.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,950 shares of company stock valued at $3,576,078. 2.65% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TWTR. Nuveen Asset Management LLC lifted its stake in shares of Twitter by 17,011.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock valued at $366,266,000 after purchasing an additional 10,433,413 shares during the period. Renaissance Technologies LLC boosted its holdings in Twitter by 331.4% during the second quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock worth $256,082,000 after buying an additional 5,636,902 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Twitter by 2.0% during the second quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock worth $2,735,204,000 after buying an additional 1,510,879 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Twitter by 23.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock valued at $206,592,000 after buying an additional 1,110,127 shares during the period. Finally, Nikko Asset Management Americas Inc. grew its position in Twitter by 44.0% during the second quarter. Nikko Asset Management Americas Inc. now owns 3,168,974 shares of the social networking company’s stock valued at $110,597,000 after buying an additional 968,905 shares during the period. 71.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Twitter stock traded up $0.03 on Friday, hitting $30.00. 9,758,261 shares of the company’s stock were exchanged, compared to its average volume of 15,602,421. Twitter has a 1 year low of $26.26 and a 1 year high of $45.85. The company has a 50-day simple moving average of $31.78 and a 200-day simple moving average of $37.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.69 and a current ratio of 8.69. The stock has a market capitalization of $24.00 billion, a PE ratio of 54.55, a PEG ratio of 0.54 and a beta of 0.59.

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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