Twitter (TWTR) will report second quarter results tomorrow morning and host a call at 8:00. 

The Street is looking for adjusted EPS of $0.16 (vs. $0.12 last year) with EBITDA up 47% to $261 million (vs. $245-265 mln guidance) and revenue up 21% to $697.4 mln. 

The Street expects Q3 EBITDA up 49% to $168 million with revenue up 21% to $714 million.

Monthly active users grew 3% Y/Y and 2% Q/Q to 336M in Q1 while daily active users grew 10%. 


With a $32 billion market cap, Twitter trades at 60x EPS and ~10x sales. Despite the rich valuation, many see value in a platform that serves as a key communication, news and information portal on a global scale.

The options market implies a ~13% move in the stock tomorrow; 7% of the 677 mln share float is sold short.