Tonight, all eyes will be on an after-the-bell report from Twitter. Since IPO-ing nearly a year ago, the company has continually outperformed the Wall Street expectation, and this quarter is expected to be  no different. The Estimize community believes Twitter will post EPS of $0.03 vs. the Street’s consensus of $0.01, both much better than the year ago result of -$0.03. Revs are also expected to surprise, with the Estimize estimate of $359.5M nearly $9M higher than the Street’s expectation, which would result in YoY growth of 113%. Neither the Estimize community nor Wall Street is giving credence to Twitter’s very low revenue guidance of $330 - $340M. Over the past 2 years, the company has increased revenues by over 100% each quarter on a YoY basis, is the quarter looks to be no exception. Investor’s will be paying attention to the tally of Twitter’s monthly active users, the success of mobile advertisements and for more information on new enhancements that have recently been announced such as Audio Cards.

How Are We Doing?

Expectations for S&P 500 earnings growth for the third quarter stand at 9.9%. Revenues are anticipated to come in with 4.2% growth. All 10 sectors are anticipated to post positive YoY growth on both the earnings and revenue front.

Leaders

Earnings:

Materials (14.0%). Notable industry: Metals & Mining (27.4%).

Health Care (12.9%). Notable industry: Biotechnology (45.4%)

Consumer Discretionary (12.7%). Internet Retail (20.5%)

Revenues:

Health Care (9.3%). Notable industry: Biotech (39.8%).

Information Technology (7.3%). Notable industry: Internet Software & Services (15.2%)

Laggards

Earnings:

Utilities (0.8%). Notable industry: Multi­-Utilities (-2.5%).

Telecommunication Services (0.9%): All five companies are within Diversified Telecom Services. Only Verizon posted YoY growth.

Revenues:

Energy (0.3%). Notable industry: Oil, Gas and Consumable Fuels (­-0.6%).

Materials (2.9%). Notable industry: Paper & Forest Products (­-12.2%).

Beat/Miss/Match

Earnings: 207 companies have reported thus far, 49% have beaten the Estimize consensus, 37% have missed and 14% have met. This is compared to Wall Street estimates, of which 69% of companies have beat on the bottom­-line, 23% have missed and 8% have met.

Revenue: 49% have beaten the Estimize consensus, 51% have missed, and 0% have met. For revenues, 58% of companies have beat the Wall Street estimate, while 42% have missed.