Advertisement
Canada markets open in 6 hours 46 minutes

  • S&P/TSX

    21,871.96
    +64.59 (+0.30%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CAD/USD

    0.7297
    -0.0004 (-0.06%)
     

  • CRUDE OIL

    83.02
    +0.17 (+0.21%)
     

  • Bitcoin CAD

    91,218.37
    +423.05 (+0.47%)
     

  • CMC Crypto 200

    1,403.77
    -10.99 (-0.78%)
     

  • GOLD FUTURES

    2,316.90
    -29.50 (-1.26%)
     

  • RUSSELL 2000

    1,967.47
    +19.82 (+1.02%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • NASDAQ futures

    17,325.25
    -24.75 (-0.14%)
     

  • VOLATILITY

    16.94
    -1.77 (-9.46%)
     

  • FTSE

    8,023.87
    +128.02 (+1.62%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6854
    +0.0004 (+0.06%)
     

Today’s Research Reports on Stocks to Watch: Twilio and Zillow

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / November 8, 2018 / Shares of Twilio soared on Wednesday on better than expected third quarter results. Shares of Zillow Group were tanking on its own lackluster report for the third quarter.

RDI Initiates Coverage on:

Twilio Inc.
https://rdinvesting.com/news/?ticker=TWLO

Zillow Group, Inc.
https://rdinvesting.com/news/?ticker=Z

Twilio Inc. shares closed up a little over 35% on Wednesday with the stock hitting a new high of $96.97 during intra-day trading. The company released a better than expected earnings in third quarter report on Tuesday along with raised guidance for the full year. The Company reported adjusted earnings of 2 cents per share on revenue of $168.9 million. While earnings were in line with street’s expectations, revenue were a beat compared to street’s expectation of $150.4 million. Cannacord Genuity analyst Richard Davis wrote, "If fast growth in a large market is an attractive investment attribute, TWLO is a stock for you. When your revenue grows 68% year over year and that is an acceleration from past quarters, that's quite impressive results. Indeed, we suggest that the past few quarters' results appear to have disproven the assertion that TWLO was nothing more than a commodity tools vendor." J.P. Morgan analyst Mark Murphy remarked, "Twilio's growth in our opinion will continue to be fueled by the proliferation of cloud and mobile application development that is reflective of its strong customer base."

ADVERTISEMENT

Access RDI’s Twilio Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWLO

Zillow Group, Inc. shares closed down nearly 27% on Wednesday with almost 22 million shares traded. The online real estate database company reported a dismal third quarter financial report that sent shares tanking yesterday. Guidance below analysts' expectations also discouraged traders. For the third quarter, Zillow Group reported revenue of $343.1 million for the quarter, a jump of 22% yoy but trailed behind analysts' expectations of $344 million. Adjusted EBITDA were $66.2 million, down from $71.0 million in the year ago quarter. For the fourth quarter, Zillow is expecting revenue to be in the range of $340 million and $357 million. Analysts were waiting for $367.8 million. The company expects full-year revenue between $1.307 billion and $1.324 billion. The company said during its earnings call, "Zillow Group has entered a period of transformational innovation. The residential real estate industry is also changing. To maintain a competitive advantage in today's environment, we must continuously evolve our business as consumer expectations change. When we launched 12 years ago, the ability to access real estate listings and home valuations online was revolutionary. Today, consumers' expectations are shaped by the mobile on-demand world. We can control many aspects of our lives, transportation, commerce, food delivery, car shopping, even dog walking, with an end-to-end app on our phones. Those digital experiences have shaped expectations for the real estate industry."

Access RDI’s Zillow Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=Z

Our Actionable Research on Twilio Inc. (NYSE: TWLO) and Zillow Group, Inc. (NASDAQ: Z) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com