Zacks: Brokerages Expect Twitter, Inc. (NYSE:TWTR) Will Post Earnings of $0.04 Per Share

Brokerages expect Twitter, Inc. (NYSE:TWTRGet Rating) to announce $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Twitter’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.09. Twitter reported earnings per share of $0.16 in the same quarter last year, which suggests a negative year-over-year growth rate of 75%. The business is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Twitter will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $1.16. For the next year, analysts anticipate that the company will report earnings of $1.22 per share, with EPS estimates ranging from $0.81 to $1.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Twitter.

Twitter (NYSE:TWTRGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Twitter had a negative net margin of 4.36% and a negative return on equity of 4.37%. Twitter’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share.

TWTR has been the subject of a number of recent research reports. Wedbush upped their price objective on shares of Twitter from $42.00 to $54.00 in a report on Tuesday. KeyCorp decreased their price target on shares of Twitter from $70.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 3rd. StockNews.com initiated coverage on shares of Twitter in a report on Thursday, March 31st. They set a “sell” rating for the company. Guggenheim restated a “buy” rating and set a $34.00 price target on shares of Twitter in a report on Friday, March 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Twitter from $35.00 to $54.20 and gave the company a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.65.

In other news, CFO Ned D. Segal sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $47.14, for a total transaction of $235,700.00. Following the completion of the sale, the chief financial officer now owns 522,129 shares of the company’s stock, valued at $24,613,161.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Robert Kaiden sold 5,614 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $37.04, for a total transaction of $207,942.56. The disclosure for this sale can be found here. Insiders sold 20,614 shares of company stock valued at $781,743 in the last three months. Company insiders own 2.56% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lone Pine Capital LLC grew its stake in shares of Twitter by 117.4% during the third quarter. Lone Pine Capital LLC now owns 21,533,828 shares of the social networking company’s stock valued at $1,300,428,000 after purchasing an additional 11,630,881 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Twitter by 25.1% during the fourth quarter. ARK Investment Management LLC now owns 17,245,755 shares of the social networking company’s stock valued at $745,362,000 after purchasing an additional 3,460,856 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Twitter by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 14,314,021 shares of the social networking company’s stock valued at $617,134,000 after purchasing an additional 378,646 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Twitter by 16.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,467,698 shares of the social networking company’s stock valued at $538,854,000 after purchasing an additional 1,731,554 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its stake in Twitter by 30.4% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 10,297,193 shares of the social networking company’s stock valued at $448,546,000 after acquiring an additional 2,400,339 shares during the last quarter. 78.96% of the stock is currently owned by institutional investors and hedge funds.

NYSE:TWTR traded down $2.02 during trading hours on Tuesday, reaching $49.68. The company’s stock had a trading volume of 114,215,627 shares, compared to its average volume of 41,905,637. The company has a market cap of $37.93 billion, a price-to-earnings ratio of -165.59 and a beta of 0.80. Twitter has a one year low of $31.30 and a one year high of $73.34. The business’s 50-day moving average is $39.89 and its 200-day moving average is $43.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.89 and a quick ratio of 5.89.

Twitter declared that its board has initiated a stock buyback program on Thursday, February 10th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the social networking company to buy up to 14% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

About Twitter (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces.

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Earnings History and Estimates for Twitter (NYSE:TWTR)

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