MOSCOW, 24 Oct – PRIME. Twitter Inc will release Q3 results on October 24th. The company is expected to report a decline in quarterly revenue.
According to Refinitiv’s 25-analyst consensus, revenue fell 1.8% year-on-year from $1.28 billion to $1.261 billion.
Refinitiv’s average earnings forecast for Twitter is 1 cent per share. The average earnings estimate has not changed much over the past three months.
The current average analyst rating for the company’s stock is Hold. Recommendations were distributed as follows: 1 analyst recommends “buy” or “buy” on Twitter, 30 – “hold”, 2 – “sell” or “sell confidently”.
Twitter has a median 12-month price target of $45, lower than its most recent closing price of $52.44.
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