Twitter Inc. (NYSE: TWTR) is scheduled to release its fourth-quarter financial results before the markets open on Thursday. The consensus estimates are $0.29 in earnings per share (EPS) and $996.74 million in revenue. In the same period of last year, the social media giant said it had $0.31 in EPS and $908.84 million in revenue.
During the fourth quarter, Citigroup lowered its target price by 20%, down to $36 from $45. While that is still above the current share price, Citigroup’s rating is just Neutral. Hao Yan, the analyst covering Twitter, also lowered the company’s earnings target to $0.24 from $0.27 per share.
One of the revenue concerns arises from the impact of mobile application promotion. Yan also expects Twitter to issue more clarity regarding that mobile application promotion, as well as 2020 guidance, with its fourth-quarter earnings.
Citi is not alone in its concerns. Other analysts have backed off of Twitter in recent months, and many are still on the sideline about where this social media platform could go from here.
Excluding Wednesday’s move, Twitter stock had underperformed the broad markets, with the share price about where it was 52 weeks ago. However, in the past quarter, the stock was up closer to 15%.
Here’s what analysts had to say ahead of the report:
- Stifel has a Hold rating with a $33 price target.
- SunTrust Banks rates it as Hold with a $36 price target.
- Deutsche Bank has a Hold rating with a $35 price target.
- RBC has a Neutral rating and a $40 price target.
Shares of Twitter traded down 1% at 33.49 on Wednesday, in a 52-week range of $28.63 to $45.86. The consensus price target is $34.20.
24/7 Wall St.Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
