Yahoo Finance Twilio (TWLO) Stock Sinks As Market Gains: What You Should Know
Twilio (TWLO) closed the most recent trading day at $62.58, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 1.2%, and the Nasdaq, a tech-heavy index, lost 0.68%.
Prior to today's trading, shares of the company had lost 11.05% over the past month. This has lagged the Computer and Technology sector's gain of 2.42% and the S&P 500's loss of 3.9% in that time.
Wall Street will be looking for positivity from Twilio as it approaches its next earnings report date. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $999.82 million, up 14.22% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.09 per share and revenue of $4.26 billion, which would represent changes of +826.67% and +11.4%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Twilio. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 14.03% higher. Twilio is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Twilio's current valuation metrics, including its Forward P/E ratio of 57.62. Its industry sports an average Forward P/E of 41.28, so we one might conclude that Twilio is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Twilio Inc. (TWLO) : Free Stock Analysis Report
