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Twitter (TWTR) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2 min read

Twitter (TWTR) closed the most recent trading day at $54.30, moving -1.11% from the previous trading session. This change lagged the S&P 500's daily gain of 0.08%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.29%.

Prior to today's trading, shares of the short messaging service had gained 21.4% over the past month. This has outpaced the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 3.8% in that time.

Wall Street will be looking for positivity from TWTR as it approaches its next earnings report date. On that day, TWTR is projected to report earnings of $0.30 per share, which would represent year-over-year growth of 20%. Our most recent consensus estimate is calling for quarterly revenue of $1.17 billion, up 16.31% from the year-ago period.

TWTR's full-year Zacks Consensus Estimates are calling for earnings of -$0.73 per share and revenue of $3.61 billion. These results would represent year-over-year changes of -130.8% and +4.34%, respectively.

It is also important to note the recent changes to analyst estimates for TWTR. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TWTR is currently sporting a Zacks Rank of #3 (Hold).

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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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Zacks Investment Research