Quite a few research analysts have predicted that the stocks of TWTR would be posting a sales sum of $1.02 billion for this quarter. According to a report, thirteen analysts have already given estimates into the earnings of the company. The ball has been rolled at a sum of $985.50 million, with the highest coming in at $1.05 billion.
The sales reported by the company the previous year were $807.64 million, which implies an annual growth rate of about 26.3%. The social media company will be announcing its next quarterly report on the 29th of April.
The Quarterly Estimates Of TWTR
TWTR did report their previous quarterly earnings on the 9th of February. The company had an EPS of $0.38 for the quarter, which was more than the consensus estimate of $0.31. The revenue generated by the company was $1.29 billion, which was more than the consensus of $1.19 billion. The net margin of the company was -31.70%, with the return on equity at -12.42%.
There have been quite a few research equities that have commented on the stocks of TWTR. Piper Sandler has already increased the price target of the company from $61 to $71 in a Friday research report.
Oppenheimer has also increased the price target of the company from $70 to $85 with a rating of “outperform” in a Monday research report. Argus has also increased the price target of the company from $72 to $82 with a rating of buy in a Friday research report. In the end, Citigroup decided to increase the price target of the company from $55 to $80 in a Tuesday research report.
Two of the investment analysts covering the firm have given it a rating of sell, while twenty other analysts have given the company a rating of hold. Close to sixteen analysts have prescribed the company a rating of buy. TWTR currently has a hold rating with a $67.88 price target.
