What to Expect When Twitter Reports Wednesday Morning

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Twitter Inc. (NYSE: TWTR) is scheduled to release its first-quarter financial results before the markets open on Wednesday. The consensus estimates from Thomson Reuters are calling for $0.11 in EPS on $604.07 million in revenue. The same period of last year had EPS of $0.07 and $548.25 million in revenue.

In its most recent quarter, the company noted that average monthly active users totaled 330 million, flat quarter over quarter and up 4% year over year. Average daily active users (DAU) grew 12% from a year ago, marking the fifth consecutive quarter of double-digit growth.

Total revenue in the fourth quarter increased 2% year over year, and owned-and-operated advertising revenue increased 7% year over year, driven by continued strong engagement growth, improvements in revenue products, improved return for advertisers and better sales execution.

If Twitter keeps these numbers up it could be poised for another strong quarter.

Excluding Tuesday’s move, Twitter has vastly outperformed the broad markets, with its stock up 113% in the past 52 weeks. In just 2018 alone, Twitter is up 30%.

A few analysts weighed in on Twitter ahead of the report:

  • Wedbush has a Hold rating with a $26 price target.
  • Maxim Group has a Buy rating.
  • MKM has a Buy rating with a $40 price target.
  • Morgan Stanley has an Equal Weight rating and a $29 target.
  • Pivotal Research has a Sell rating with a $20 price target.
  • BMO Capital Markets has a Market Perform rating and a $28 target.
  • JPMorgan has an Overweight rating with a $36 price target.

Shares of Twitter were last seen down 1% at $30.92, with a consensus analyst price target of $27.52 and a 52-week range of $14.63 to $36.80.

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