Why Twitter is a stock to look at before they report tomorrow
TWTR
Twitter, Inc.
Information Technology - Internet Software & Services
Twitter, Inc. is set to release their FQ2’18 earnings tomorrow, July 27th, before the market opens. The Estimize Consensus projects earnings-per-share (EPS) of $0.19, which would show an impressive year-over-year growth of 113%. Wall Street predicts a slightly less bullish EPS of $0.17. Estimize has a 95% win-rate over Wall Street in estimating Twitter’s EPS. In terms of revenue, Estimize expects Twitter to come in at $709.79M, compared to Wall Street’s lower estimate of $700.02M. Furthermore, the Estimize consensus anticipates Twitter’s Monthly Active Users (MAU) to be at 340.85 million people.
Analysts and Investors have high expectations for Twitter this quarter. Much of Twitter’s anticipated growth can be accredited to their recent efforts to delve into the growing live streaming and video industry. Twitter has greatly expanded their live broadcasts and streaming services within the last year, and have signed many new partnerships as well.
Earlier this month Twitter shut down nearly 70 million accounts in an effort to clean up fake accounts and irresponsible users from its platform. Executives assured that this number would not have repercussions on the MAU for the upcoming quarter, and that fake accounts were not considered in their reported metrics.
How do you think Twitter will perform tomorrow? Enter your estimate here!
Photo Credit to: edar
