Zacks: Analysts Anticipate Twilio Inc (TWLO) to Announce -$0.06 Earnings Per Share

Wall Street analysts predict that Twilio Inc (NYSE:TWLO) will announce ($0.06) earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have provided estimates for Twilio’s earnings, with estimates ranging from ($0.07) to ($0.05). Twilio reported earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year over year growth rate of 20%. The business is expected to issue its next quarterly earnings report on Monday, August 6th.

On average, analysts expect that Twilio will report full year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.11) to ($0.07). For the next financial year, analysts expect that the business will report earnings of $0.07 per share, with EPS estimates ranging from $0.00 to $0.14. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Twilio.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, May 8th. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The company had revenue of $129.12 million for the quarter, compared to analyst estimates of $115.92 million. Twilio had a negative return on equity of 21.88% and a negative net margin of 16.61%. The firm’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share.

Several research firms recently issued reports on TWLO. Oppenheimer boosted their price objective on Twilio from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Canaccord Genuity upped their price objective on Twilio from $38.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. ValuEngine raised Twilio from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. JMP Securities upped their target price on Twilio from $39.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, May 9th. Finally, Vetr raised Twilio from a “sell” rating to a “hold” rating and set a $39.36 price objective for the company in a research note on Monday, March 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. Twilio currently has a consensus rating of “Buy” and a consensus target price of $43.90.

In other Twilio news, General Counsel Karyn Smith sold 3,742 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $40.68, for a total transaction of $152,224.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO George Hu sold 3,737 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $55.31, for a total value of $206,693.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,167 shares of company stock worth $2,431,728. 19.80% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Delpha Capital Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth $101,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth $123,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Twilio during the fourth quarter worth $159,000. Pinnacle Associates Ltd. acquired a new stake in shares of Twilio during the fourth quarter worth $210,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Twilio during the first quarter worth $228,000. Institutional investors and hedge funds own 62.16% of the company’s stock.

NYSE:TWLO traded down $0.56 on Thursday, reaching $59.00. The company’s stock had a trading volume of 2,273,399 shares, compared to its average volume of 2,199,933. Twilio has a 12-month low of $23.25 and a 12-month high of $60.35. The company has a market capitalization of $5.57 billion, a P/E ratio of -75.64 and a beta of -0.27.

About Twilio

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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