Analysts Anticipate Facebook, Inc. (NASDAQ:FB) Will Announce Earnings of $1.94 Per Share

Equities research analysts expect Facebook, Inc. (NASDAQ:FB) to report earnings of $1.94 per share for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Facebook’s earnings, with estimates ranging from $1.71 to $2.37. Facebook posted earnings per share of $1.76 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The business is expected to announce its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Facebook will report full-year earnings of $8.03 per share for the current financial year, with EPS estimates ranging from $6.20 to $8.72. For the next year, analysts expect that the business will report earnings of $9.54 per share, with EPS estimates ranging from $8.56 to $11.18. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Facebook.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis.

Several brokerages recently commented on FB. Morgan Stanley boosted their price target on Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Pivotal Research reiterated a “buy” rating and set a $225.00 price target (up from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on Facebook from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada reiterated a “buy” rating and set a $260.00 price target on shares of Facebook in a research report on Thursday, July 25th. Finally, Goldman Sachs Group set a $228.00 price target on Facebook and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $220.92.

In other news, CRO David B. Fischer sold 5,501 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total value of $1,082,816.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $189.76, for a total value of $10,436,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,244,072 shares of company stock worth $416,434,607. Corporate insiders own 14.53% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Biegel & Waller LLC increased its holdings in Facebook by 2.2% during the 2nd quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock worth $451,000 after purchasing an additional 50 shares during the period. Hyman Charles D increased its holdings in Facebook by 0.9% during the 2nd quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock worth $1,131,000 after purchasing an additional 50 shares during the period. MBM Wealth Consultants LLC increased its holdings in Facebook by 2.5% during the 2nd quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock worth $409,000 after purchasing an additional 51 shares during the period. Perkins Coie Trust Co increased its holdings in Facebook by 3.5% during the 2nd quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock worth $294,000 after purchasing an additional 52 shares during the period. Finally, Regal Wealth Group Inc. increased its holdings in Facebook by 4.1% during the 2nd quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock worth $274,000 after purchasing an additional 56 shares during the period. 63.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FB traded down $0.28 during trading hours on Friday, hitting $187.19. 6,893,444 shares of the stock were exchanged, compared to its average volume of 17,371,057. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook has a 12-month low of $123.02 and a 12-month high of $208.66. The company has a market cap of $531.13 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The stock’s 50-day moving average price is $187.13 and its two-hundred day moving average price is $182.94.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Earnings History and Estimates for Facebook (NASDAQ:FB)

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