This story originally appeared on Zacks
Twilio (TWLO) closed at $238.65 in the latest trading session, recording a 1.47% move from the day before. This change outpaced the S&P 500’s 0.1% loss on the day. Meanwhile, the Dow Jones lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.
Heading into the day, the company’s stock has lost 14.42% over the past month, lagging the computer and technology sector’s 1% loss and the S&P 500’s 3.67% gain in that time.
Twilio will be looking to show strength as it nears its next earnings release. On that day, Twilio is expected to report earnings of $0.23 per share, which is a 675% year-over-year decline. Meanwhile, the Zacks Consensus revenue report expects net sales to be $768.89 million, up 40.29% from the same period last year.
Investors may also notice recent changes in analyst estimates for Twilio. These recent reviews tend to reflect the evolving nature of short-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.
Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.
The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). The company has a successful and externally audited track record, with the No. 1 stock generating an average annual return of over 25% since 1988. Over the past month, Zacks Consensus EPS estimate has remained flat. Twilio is currently ranked #3 by Zacks.
Internet – The software industry is part of the computer and technology sector. The industry currently has a Zacks Industry Rating of 180, placing it in the bottom 30% of all 250+ industries.
Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
You can find more information about all of these metrics and more at Zacks.com.
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