Twitter TWTRis set to report first-quarter 2018 results on Apr 25. We believe the company’s strength in video advertising coupled with focus on live video streaming will boost top-line growth.
Earnings Trend Impressive
The company beat the Zack Consensus Estimate in all the trailing four quarters, delivering an average positive surprise of 153.
In the last reported quarter, Twitter posted non-GAAP earnings per share of 19 cents, which came ahead of the Zacks Consensus Estimate of 14 cents per share and increased 72.7% year over year.
Revenues of $732 million increased 2% from the year-ago quarter and beat the consensus mark of $690 million. The year-over-year increase in revenues was impressive, given the continuous decline in revenues in the first three quarters of 2017.
The Zacks Consensus Estimate for first-quarter revenues is currently pegged at $609.87 million while that for earnings stands at 12 cents per share.