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Twilio (TWLO) Gains As Market Dips: What You Should Know
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Twilio (TWLO - Free Report) closed the most recent trading day at $388.65, moving +0.92% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.72%. Elsewhere, the Dow lost 0.57%, while the tech-heavy Nasdaq lost 0.87%.
Heading into today, shares of the company had gained 6.66% over the past month, outpacing the Computer and Technology sector's gain of 4.37% and the S&P 500's gain of 4.69% in that time.
Wall Street will be looking for positivity from TWLO as it approaches its next earnings report date. On that day, TWLO is projected to report earnings of -$0.08 per share, which would represent a year-over-year decline of 300%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $453.63 million, up 36.96% from the year-ago period.
It is also important to note the recent changes to analyst estimates for TWLO. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TWLO currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Twilio (TWLO) Gains As Market Dips: What You Should Know
Twilio (TWLO - Free Report) closed the most recent trading day at $388.65, moving +0.92% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.72%. Elsewhere, the Dow lost 0.57%, while the tech-heavy Nasdaq lost 0.87%.
Heading into today, shares of the company had gained 6.66% over the past month, outpacing the Computer and Technology sector's gain of 4.37% and the S&P 500's gain of 4.69% in that time.
Wall Street will be looking for positivity from TWLO as it approaches its next earnings report date. On that day, TWLO is projected to report earnings of -$0.08 per share, which would represent a year-over-year decline of 300%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $453.63 million, up 36.96% from the year-ago period.
It is also important to note the recent changes to analyst estimates for TWLO. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TWLO currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.