Twitter (TWTR.US) shares are rallying almost 4% during today’s US session as investors await company’s Q4 earnings report. The firm is scheduled to announce results after market close. What are some key figures as far as analysts’ expectations are concerned?
Wall Street expects EPS of $0.31 a share (+24.0% YoY) and sales around $1.19 billion (+17.8% YoY). In the same quarter last year, the firm reported EPS of $0.25 a share on revenue of $1.01 billion. The number of monetizable daily active users (mDAU) is expected to reach 193.5 million (it climbed to 187.0 million in Q3 2020).
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Open account Try demo Download mobile app Download mobile appTwitter was under pressure after it banned Donald Trump’s account in mid-January. Therefore, some investors became worried about a post-Trump world for Twitter. Any comments about that issue will certainly be on watch today. Apart from that, investors will seek any hints about a subscription product as Bloomberg reported that Twitter was working on such solution, which could potentially augment their revenue stream.
Twitter (TWTR.US) shares have been trading in an upward channel in the past months. Surprisingly, stock price rose more than 30% after Trump’s account suspension. As the price has touched the upper limit of an upward channel, market bulls might be preparing to push the price even higher. On the other hand, should results disappoint, the area at $56 might be seen as the nearest support level. Source: xStation5
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