Suntrust Previews 3Q Earnings For Twitter Inc

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Suntrust issued a 3Q preview for Twitter, Inc. TWTR on Thursday and reiterated its Buy rating and $58 price target.

 

Analyst Robert S. Peck thought that “investor sentiment has shifted to a much more positive tone, from earlier this summer when the vast majority of our clients were negative.”

 

Peck suggested the shift in sentiment was driven by “1) a better than expected 2Q MAU result; 2) a 2Q beat of revenues and EBITDA ; 3) excitement around opportunity for the 2-3x non logged in users; 4) introduction of new products like the Buy button; and 5) a general belief that Twitter can close the monetization gap to Facebook.” 

 

We think it is likely the company will beat the consensus Ad Revenue, Total Revenue, and EBITDA estimates of $315m, $351m and $53m, as our conversations with marketers have been positive during the quarter. Ad Revenue sequential growth of 12 percent appears readily achievable given conversations from marketers around “mid teens” growth,” according to Peck

 

Twitter will report 3Q 2014 earnings on Monday, October 27 after the market close.

 

Twitter, Inc. traded at $49.84 in the premarket, up 1.55 percent.

Posted In: Analyst ColorReiterationAnalyst RatingsRobert S. PeckSunTrust
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