Brokerages Expect Facebook, Inc. (NASDAQ:FB) Will Announce Earnings of $2.50 Per Share

Equities research analysts expect Facebook, Inc. (NASDAQ:FB) to announce $2.50 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have made estimates for Facebook’s earnings, with estimates ranging from $2.28 to $2.65. Facebook posted earnings per share of $2.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The company is expected to report its next quarterly earnings results on Wednesday, January 29th.

According to Zacks, analysts expect that Facebook will report full year earnings of $6.37 per share for the current financial year, with EPS estimates ranging from $5.94 to $6.53. For the next financial year, analysts forecast that the business will report earnings of $9.07 per share, with EPS estimates ranging from $7.84 to $11.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Facebook.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The company had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm earned $1.76 EPS. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year.

Several equities analysts recently commented on the company. Mizuho cut their target price on Facebook from $247.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus upgraded shares of Facebook from a “hold” rating to a “buy” rating and boosted their target price for the company from $215.00 to $240.00 in a research note on Thursday. They noted that the move was a valuation call. Jefferies Financial Group reiterated a “buy” rating and set a $250.00 target price on shares of Facebook in a research report on Thursday, October 31st. Goldman Sachs Group set a $231.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $270.00 price target (up from $260.00) on shares of Facebook in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and forty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $228.80.

In other Facebook news, CRO David B. Fischer sold 5,562 shares of Facebook stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $196.60, for a total transaction of $1,093,489.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 139,900 shares of Facebook stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $195.40, for a total value of $27,336,460.00. The disclosure for this sale can be found here. Insiders sold a total of 3,247,226 shares of company stock worth $603,908,828 over the last quarter. 14.53% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FB. Financial Advantage Inc. bought a new position in Facebook in the third quarter valued at $28,000. Shamrock Asset Management LLC acquired a new position in Facebook during the second quarter valued at approximately $38,000. Litman Gregory Asset Management LLC bought a new position in Facebook in the second quarter valued at approximately $41,000. Spectrum Management Group Inc. grew its stake in Facebook by 135.3% in the second quarter. Spectrum Management Group Inc. now owns 240 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 138 shares in the last quarter. Finally, Mcmillion Capital Management Inc. bought a new position in Facebook in the second quarter valued at approximately $52,000. 63.80% of the stock is currently owned by institutional investors.

NASDAQ FB opened at $201.05 on Friday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The company’s 50-day simple moving average is $193.94 and its 200 day simple moving average is $188.51. The stock has a market cap of $573.34 billion, a P/E ratio of 26.56, a PEG ratio of 1.15 and a beta of 1.05. Facebook has a twelve month low of $123.02 and a twelve month high of $208.66.

Facebook Company Profile

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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