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Estimize Sees 'Huge Revenue Number' From Twitter

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Twitter Inc (NASDAQ: TWTR) will beat Wall Street's profit expectations by 75 percent when it posts first-quarter results after the bell Tuesday, according to the head of a crowd-sourced earnings prediction service.

"We're extremely bullish" on Twitter, Estimize Chief Executive Leigh Drogen said in a recent conference call sponsored by SunTrust concerning Internet companies.

Wall Street analysts have a poor recent track record of Twitter earnings predictions: the San Francisco-based social media company beat expectations in three of the past four quarters.

"With fast-growth companies, when they turn on the earnings spigot, historically it takes the sell side some time to see how much they're going to push to the bottom line," Drogen said.

Related Link: Everything Wall Street Has Said About Twitter This Week

Wall Street expects Twitter will post first-quarter earnings of $0.04 a share, on revenue of $456.82 million, according to the average estimate of 36 analysts.

On the other hand, Estimize currently calls for earnings of $0.07 a share, on revenue of $463.89 million, according to the average of 119 anonymously provided estimates.

Twitter's "app-install ads and just the general adverting platform is executing incredibly well," Drogen said. "We expect a really huge revenue number."

Posted-In: Estimize Leigh DrogenPreviews Crowdsourcing Trading Ideas General

 

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