The latest trading session for Twilio (TWLO) ended on a positive note, with the stock closing at $60.89, marking a +1.47% increase from the previous day. This performance outpaced the S&P 500, which saw a gain of 1.02%, as well as the Dow, which gained 0.4%, and the Nasdaq, which added 2.03%.
Despite a slight dip in the past month, Twilio’s upcoming earnings release on May 7, 2024, has investors eagerly anticipating positive results. Analysts are forecasting an EPS of $0.60, a 27.66% increase from the previous year, and a revenue projection of $1.03 billion, up 2.31% from the year-ago period.
Recent changes in analyst estimates for Twilio reflect optimism towards the company’s future performance, with the Zacks Rank system currently rating TWLO as a #2 (Buy). Additionally, Twilio is trading at a discount compared to its industry average, with a Forward P/E ratio of 22.18 and a PEG ratio of 1.13.
The Internet – Software industry, to which Twilio belongs, is part of the Computer and Technology sector and holds a Zacks Industry Rank of 62, placing it in the top 25% of all industries. Research shows that industries with higher Zacks Industry Ranks tend to outperform those with lower ranks.
For more in-depth analysis and recommendations, investors can visit Zacks.com and download the latest insights from Zacks Investment Research.
