Twilio expected to have higher earnings and revenues, with positive Earnings ESP and Zacks Rank #1.

From Nasdaq: 2024-07-25 10:02:11

Wall Street expects Twilio (TWLO) to report higher earnings and revenues for the quarter ended June 2024 on August 1. Analysts predict earnings of $0.71 per share, up 31.5% year-over-year, and revenues of $1.06 billion, up 1.7%. The company has a positive Earnings ESP of +2.34% and a Zacks Rank #1, indicating a likely earnings beat.

Meanwhile, Meta Platforms (META) is expected to report earnings per share of $4.69 for the same quarter, up 45.2% year-over-year, with revenues of $38.27 billion, up 19.6%. The company has a mixed Earnings ESP of -1.45% due to a lower Most Accurate Estimate, along with a Zacks Rank #3 (Hold), making it uncertain if it will beat consensus EPS estimates.

Investors are advised to consider the company’s Earnings ESP and Zacks Rank ahead of the quarterly release to gauge potential success. Stocks with a positive Earnings ESP combined with a Zacks Rank #1, 2, or 3 tend to have a positive surprise nearly 70% of the time. It’s important to pay attention to other factors besides just an earnings beat or miss when deciding on stock investments.



Read more at Nasdaq: Twilio (TWLO) Reports Next Week: Wall Street Expects Earnings Growth