When Does Twilio Report Earnings
Source: Twilio

What to Watch for in Twilio’s Q3 Earnings

By

Updated

Twilio is scheduled to release its third-quarter earnings report on Oct. 26 after the market close. What can investors expect from Twilio's earnings? Should you buy the stock before the earnings report?

Article continues below advertisement
When Does Twilio Report Earnings
Source: Pixabay

When is Twilio’s earnings date?

Twilio will likely report its third-quarter results on Oct. 26 during the after-hours trading session. The leading cloud communications platform has scheduled an earnings conference call on the same day at 5:00 p.m. ET.

Article continues below advertisement

In the third quarter, Wall Street analysts expect Twilio to post sales of $409.79 million, which would be 42.4 percent higher than $287.84 million in sales in the third quarter of 2019. Analysts also expect Twilio to post an adjusted EPS of -$0.03 in the third quarter compared to $0.03 in the same quarter a year ago. In the second quarter of 2020, Twilio reported an adjusted EPS of $0.09 and sales of $400.85 million.

What is Twilio’s stock price today?

Twilio stock trades on the NYSE under the ticker symbol “TWLO.” The stock was up about 0.8 percent at $301 in the pre-market trading session as of 9:13 a.m. ET on Oct. 22. The stock fell 3.5 percent on Oct. 21 and closed at $298.70 with a market capitalization of $44.3 billion.

Article continues below advertisement

Twilio stock has fallen by 8.4 percent in the last five days, while it has risen by 182.8 percent in the last year. The stock is trading 12.6 percent below its 52-week high of $341.70 and 338.9 percent above its 52-week low of $68.06. Currently, Twilio doesn’t pay a dividend.

Article continues below advertisement

What is Twilio’s stock forecast?

According to data compiled by TipRanks, 19 of the 22 analysts covering Twilio have a buy or equivalent rating. Three analysts have a hold rating, while none of the analysts have a sell rating. Currently, analysts' average stock price forecast for Twilio is $344.05, which suggests a 15.2 percent upside. The highest target price of $380 implies a 27.1 percent upside, while the lowest target price of $255 implies a 14.6 percent downside.

Twilio CEO Jeff Lawson
Source: Twilio
Article continues below advertisement

Long-term investors should consider buying Twilio stock based on its strong growth outlook. The company is benefiting from a shift toward remote work amid the coronavirus pandemic. Twilio enables its clients to engage with their customers over multiple channels like calls, messages, and emails through its APIs. According to a research report by Mordor Intelligence, the cloud-based contact center market is expected to be worth $44.86 billion by 2025 compared to $13.67 billion in 2019.

Twilio’s investor relations

Twilio has scheduled its third-quarter earnings conference call on Oct. 26 at 5:00 p.m. ET. Investors and analysts can access the live webcast of the call on the company’s investor relations website.

Advertisement

More From Market Realist