Twilio (TWLO) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Oct 23, 2019 10:53PM ET
Twilio Inc. (NYSE:TWLO) is set to report third-quarter 2019 results on Oct 30.
For the quarter, the company expects revenues in the range of $286-$289 million. The Zacks Consensus Estimate is pegged at $287.6 million, indicating a 70.3% rise from the prior-year reported figure.
The company expects non-GAAP earnings per share to be 1-2 cents. The consensus estimate for earnings stands at a penny per share, suggesting 85.7% decline from the year-ago reported number.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and matched it once, the average positive surprise being 175%.
In the last reported quarter, Twilio’s non-GAAP earnings came in at 3 cents per share, which surpassed the Zacks Consensus Estimate of 2 cents, but remained flat year over year.
The company generated revenues of $275 million, surging 86% from the year-earlier quarter. It also outpaced the consensus estimate of $260 million, driven by growth in its core products. Moreover, the acquisition of SendGrid, completed in February, was also a key driver.
Twilio Inc. Price and EPS Surprise
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