$876.26 Million in Sales Expected for Twitter Inc (NYSE:TWTR) This Quarter

Wall Street brokerages expect Twitter Inc (NYSE:TWTR) to announce sales of $876.26 million for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Twitter’s earnings, with the highest sales estimate coming in at $885.30 million and the lowest estimate coming in at $864.30 million. Twitter reported sales of $758.11 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.6%. The firm is expected to issue its next earnings report on Thursday, October 24th.

On average, analysts expect that Twitter will report full year sales of $3.56 billion for the current financial year, with estimates ranging from $3.54 billion to $3.58 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.14 billion, with estimates ranging from $4.01 billion to $4.37 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Twitter.

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

A number of research analysts have recently commented on TWTR shares. UBS Group boosted their price target on shares of Twitter from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Canaccord Genuity reiterated a “hold” rating and issued 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. Loop Capital assumed coverage on shares of Twitter in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Moffett Nathanson cut their target price on shares of Twitter from $28.00 to $25.00 and set a “sell” rating for the company in a research report on Thursday, June 13th. Finally, Robert W. Baird upped their target price on shares of Twitter from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.91.

In other news, VP Matthew Derella sold 10,793 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $35.31, for a total transaction of $381,100.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Montano sold 1,250 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were 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. In the last 90 days, insiders sold 141,282 shares of company stock worth $5,500,467. Corporate insiders own 2.65% of the company’s stock.

Several large investors have recently bought and sold shares of TWTR. Renaissance Technologies LLC grew its holdings in shares of Twitter by 331.4% during the second quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock valued at $256,082,000 after buying an additional 5,636,902 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Twitter by 11.5% during the first quarter. Clearbridge Investments LLC now owns 30,512,378 shares of the social networking company’s stock valued at $1,003,247,000 after buying an additional 3,144,553 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Twitter by 72.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,809,412 shares of the social networking company’s stock valued at $158,133,000 after buying an additional 2,026,733 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Twitter by 1,085.7% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,200,069 shares of the social networking company’s stock valued at $72,338,000 after buying an additional 2,014,515 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Twitter by 23.1% during the first quarter. First Trust Advisors LP now owns 8,908,905 shares of the social networking company’s stock valued at $292,925,000 after buying an additional 1,673,894 shares during the last quarter. Hedge funds and other institutional investors own 66.81% of the company’s stock.

Shares of TWTR traded up $1.33 during mid-day trading on Thursday, reaching $41.81. 11,932,888 shares of the stock traded hands, compared to its average volume of 16,253,819. The business has a fifty day simple moving average of $38.63. The firm has a market cap 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. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.29. Twitter has a 1 year low of $26.19 and a 1 year high of $43.48.

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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