Twilio (TWLO) Gains As Market Dips: What You Should Know
Twilio (TWLO) closed at $69 in the latest trading session, marking a +1.28% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.03%. Meanwhile, the Dow lost 1.11%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Prior to today's trading, shares of the company had lost 5.82% over the past month. This has was narrower than the Computer and Technology sector's loss of 13.11% and the S&P 500's loss of 10.4% in that time.
Wall Street will be looking for positivity from Twilio as it approaches its next earnings report date. The company is expected to report EPS of -$0.39, down 4000% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $969.27 million, up 30.95% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.65 per share and revenue of $3.85 billion. These totals would mark changes of -160% and +35.57%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Twilio. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Twilio is currently a Zacks Rank #4 (Sell).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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