Twilio Inc. (NYSE:TWLO) is reporting third quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, TWLO is expected to report 3Q20 loss of $ 0.03 per share from revenue of $ 409.79 million.
For the full year, analysts anticipate top line of $ 1602.97 million, while looking forward to income of $ 0.11 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.09 ~ $ -0.05 per share, while revenues are expected in a range of $ 406.00 million ~ $ 406.00 million
Full Year 2020 topline are forecasted in a range of$ 1,475.00 million ~ $ 1,490.00 million, where as bottomline are predicted in a range of $ -0.20 ~ $ -0.14 per share
Click Here For More Historical Outlooks Of Twilio Inc.
Previous Quarter Performance
Twilio Inc. unwinded income for the second quarter of $ 0.09 per share, from the revenue of $ 400.85 million. The quarterly earnings 200.00 percent while revenues up 45.74 percent compared with the same quarter last year.
According to street consensus, TWLO was expected to report 2Q20 loss of $ 0.09 per share from revenue of $ 368.23 million. The bottom line results beat street analysts by $ 0.18 or 200.00 percent, at the same time, top line results outshined analysts by $ 32.62 million or 8.86 percent.
Stock Performance
On Friday, shares of Twilio Inc. has traded high as $ 307.17 and has cracked $ 289.13 on the downward trend, reaching $ 306.10 with volume of 2.30 million shares.
According to the previous trading day, closing price of $ 306.10, representing a 332.02 % increase from the 52 week low of $ 68.06 and a 13.95 % decrease over the 52 week high of $ 341.70.
The company has a market capital of $ 45.36 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Rosenblatt Securities to Buy from Neutral rating, with $ 375.00 target price.
- On 13th October 2020, maintained by Mizuho at Buy rating, with $ 350.00 target price.
- On 13th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 340.00 target price.
- On 13th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 340.00 target price.
- On 2nd October 2020, maintained by Cowen at Outperform rating, with $ 350.00 target price.
Conference Call
Twilio Inc. will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.twilio.com
Twilio Inc. provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The companys programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
