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TMN - Twitter

Twitter Q4 Results: Will it Beat Analysts’ Estimates?

On Thursday, February 10, Twitter will release its fourth quarter and annual earnings for 2021 before the opening bell. Investors are looking to see if it will beat their estimates.

The social media platform’s sales revenue is anticipated to increase to $1.58 billion compared to the third quarter’s $1.28 billion records.

Likewise, its earnings per share are projected to soar to $0.34 from the previous -$0.54 data.

Several analysts believe that Twitter will report a 23.00% YoY revenue growth to $1.60 billion and a post operating income of $171.00 million.

Throughout all of 2022, Wall Street expects the company to deliver a 20.00% rise in sales revenue to $6.10 billion.

Also, it expects the platform to have an operating profit of $170.00 after losing $371.40 million in 2021.

In terms of user growth, analysts believe that Twitter will increase to 6.40 million in the fourth quarter of 2011.

Alongside, its Daily Active Users (DAUs) are anticipated to jump to 217.40 million from the prior record of 192.00 million last 2020.

If Twitter beat or achieved this, it would translate to the firm’s third straight quarter of faster annual growth in DAUs.

Yet, it would still be slower than last year’s growth when people were at home spending a lot of time on the net amid the year-long pandemic curbs.

Stock Price

Meanwhile, Twitter’s stock price has been fluctuating for more than three months. Thus, hitting a 20-month low of $32.00 in the last week of January.

This became a floor for its share prices for almost a week, attracting more buyers.

Still, Twitter’s relative strength index remains bearish, founded by the condition of moving averages.

It has a 50-day below the 100-day simple moving average, which came out to be lower than the 200-day SMA.

This means that the stock price’s current downtrend could persist.

A break lower than the current floor price of $32.00 per share could be significant in consideration for the next support level near $27.00.

Read also: City Index review | What to consider before trading?

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