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

Zacks Equity Research
·2-min read

In the latest trading session, Twitter (TWTR) closed at $38.44, marking a -0.67% move from the previous day. This change lagged the S&P 500's 0.08% gain on the day. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 0.28%.

Coming into today, shares of the short messaging service had lost 10.27% in the past month. In that same time, the Computer and Technology sector lost 5.11%, while the S&P 500 gained 0.22%.

Wall Street will be looking for positivity from Twitter as it approaches its next earnings report date. On that day, Twitter is projected to report earnings of $0.33 per share, which would represent a year-over-year decline of 13.16%. Meanwhile, our latest consensus estimate is calling for revenue of $1.57 billion, up 21.7% from the prior-year quarter.

Investors should also note any recent changes to analyst estimates for Twitter. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 4.65% lower within the past month. Twitter currently has a Zacks Rank of #5 (Strong Sell).

Valuation is also important, so investors should note that Twitter has a Forward P/E ratio of 44.17 right now. This represents a discount compared to its industry's average Forward P/E of 54.25.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 31% 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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Twitter, Inc. (TWTR) : Free Stock Analysis Report
 
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Zacks Investment Research