Twitter (TWTR) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Oct 21, 2019 12:22AM ET
Twitter (NYSE:TWTR) is set to report third-quarter 2019 results on Oct 24.
The company expects third-quarter 2019 total revenues between $815 million and $875 million. The Zacks Consensus Estimate for revenues stands at $876.3 million, indicating an increase of 15.6% from the year-ago quarter’s reported figure.
Meanwhile, the consensus mark for third-quarter earnings has been steady at 20 cents over the past 30 days.
Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average positive surprise being 34.1%.
Twitter reported second-quarter 2019 non-GAAP earnings of $1.58 per share, much higher than 17 cents reported in the year-ago quarter. Moreover, revenues increased 18% year over year to $841.4 million. On a constant-currency (cc) basis, revenues grew 20%.
Further, average monetizable daily active users (mDAU) totaled 139 million in the reported quarter compared with 122 million in the year-ago quarter and 134 million in the previous quarter.
Let’s see how things are shaping up for the upcoming announcement.
Factors to Consider
Twitter’s efforts to make the platform more conversational is likely to have helped it expand the monetized user base in the to-be-reported quarter.
Notably, the company launched a faster and more personalized Twitter.com in the quarter. The easy to navigate website comprises features like the dark mode themes — Dim and Lights Out.
Moreover, the company’s initiatives to detect rule violations and enhance the safety of users are expected to have reduced abusive behavior on the platform.
Twitter has also strengthened its reporting features, which allows it to accelerate the process of removing accounts based on tweets reported by users. The company has expanded its Zacks Investment Research
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