We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Twilio (TWLO): Can Its 20.1% Jump Turn into More Strength?
Read MoreHide Full Article
Twilio (TWLO - Free Report) shares rallied 20.1% in the last trading session to close at $136.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.7% gain over the past four weeks.
The upswing came after the company projected an improvement in its fourth-quarter 2024 performance from its earlier expectations. In its preliminary results for the fourth quarter, Twilio stated that it expects to report an 11% year-over-year increase in top-line, significantly higher than the Zacks Consensus Estimate of 7.6%. It also anticipates that non-GAAP income from operations for the fourth quarter to be above the high-end of the previously provided guidance range.
This company is expected to post quarterly earnings of $1 per share in its upcoming report, which represents a year-over-year change of +16.3%. Revenues are expected to be $1.16 billion, up 7.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Twilio, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TWLO going forward to see if this recent jump can turn into more strength down the road.
Twilio is a member of the Zacks Internet - Software industry. One other stock in the same industry, Rigetti Computing, Inc. (RGTI - Free Report) , finished the last trading session 2% lower at $13.20. RGTI has returned -12.8% over the past month.
Rigetti Computing's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.08. Compared to the company's year-ago EPS, this represents a change of +11.1%. Rigetti Computing currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in Twilio (TWLO): Can Its 20.1% Jump Turn into More Strength?
Twilio (TWLO - Free Report) shares rallied 20.1% in the last trading session to close at $136.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.7% gain over the past four weeks.
The upswing came after the company projected an improvement in its fourth-quarter 2024 performance from its earlier expectations. In its preliminary results for the fourth quarter, Twilio stated that it expects to report an 11% year-over-year increase in top-line, significantly higher than the Zacks Consensus Estimate of 7.6%. It also anticipates that non-GAAP income from operations for the fourth quarter to be above the high-end of the previously provided guidance range.
This company is expected to post quarterly earnings of $1 per share in its upcoming report, which represents a year-over-year change of +16.3%. Revenues are expected to be $1.16 billion, up 7.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Twilio, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TWLO going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Twilio is a member of the Zacks Internet - Software industry. One other stock in the same industry, Rigetti Computing, Inc. (RGTI - Free Report) , finished the last trading session 2% lower at $13.20. RGTI has returned -12.8% over the past month.
Rigetti Computing's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.08. Compared to the company's year-ago EPS, this represents a change of +11.1%. Rigetti Computing currently boasts a Zacks Rank of #3 (Hold).