2023-08-07 14:24:22 ET
- Communications software company Twilio ( NYSE: TWLO ) is scheduled to announce Q2 earnings results on Tuesday, August 8th, after market close.
- The consensus EPS Estimate is $0.30 vs -$0.11 in 2Q22 and the consensus Revenue Estimate is $987.17M (+4.6% Y/Y).
- Previously, company shares dropped 14% after it forecasted quarterly revenue of $980M and $990M and adjusted earnings are expected to be between 27 and 31 cents per share compared to analyst expectations of $1.05B in sales and 29-cent-per-share in earnings.
- More recently, Barclays held a "cautious" position on Twilio, while Piper Sandler downgraded citing an "uncertain" macro environment and upcoming "messiness."
- Twilio has a QUANT rating of STRONG BUY with a 4.65 rating score.
- Wall Street rate it a BUY, while SA analyst rate it a HOLD, the stock has gained nearly 20.9% YTD.
- The stock (Twilio) has been consolidating in the 60s since late May and is ready for a move higher once management gives good news (Increasing profitability or demand) - Jake Blumenthal , SA Analyst.
- Over the last 2 years, TWLO has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 13 upward revisions and 11 downward. Revenue estimates have seen 0 upward revisions and 24 downward.
- Recent earnings Analysis from our contributors: Twilio: Q2 Earnings Preview Twilio: Invest In The Downturn
For further details see:
Twilio Q2 2023 Earnings Preview: A case of mixed sentiment