Analysts Anticipate Facebook, Inc. (NASDAQ:FB) Will Post Earnings of $2.50 Per Share

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Wall Street brokerages expect Facebook, Inc. (NASDAQ:FB) to announce earnings per share (EPS) of $2.50 for the current quarter, Zacks reports. 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 during the same quarter last year, which suggests a positive year over year growth rate of 5%. The company is scheduled to issue its next 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 year, with EPS estimates ranging from $5.94 to $6.53. For the next year, analysts forecast that the firm will post earnings of $9.07 per share, with EPS estimates ranging from $7.84 to $11.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Facebook.

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

FB has been the topic of several research analyst reports. Goldman Sachs Group set a $231.00 price objective on Facebook and gave the stock a “buy” rating in a report on Wednesday, October 30th. SunTrust Banks lifted their price objective on Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Facebook from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. BMO Capital Markets lowered their price objective on Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a report on Thursday, October 31st. Finally, Deutsche Bank lifted their price objective on Facebook from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-two have assigned a buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average price target of $228.80.

FB stock traded up $0.38 during trading on Friday, hitting $201.25. The stock had a trading volume of 3,865,669 shares, compared to its average volume of 16,354,615. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. Facebook has a twelve month low of $123.02 and a twelve month high of $208.66. The stock has a market capitalization of $572.83 billion, a P/E ratio of 26.59, a PEG ratio of 1.15 and a beta of 1.05. The company’s 50-day moving average price is $195.07 and its two-hundred day moving average price is $188.84.

In related news, CAO Susan J.S. Taylor sold 1,133 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $198.58, for a total transaction of $224,991.14. Following the completion of the sale, the chief accounting officer now directly owns 1,505 shares of the company’s stock, valued at approximately $298,862.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $197.40, for a total transaction of $51,324.00. Following the sale, the vice president now directly owns 6,717 shares of the company’s stock, valued at $1,325,935.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,121,626 shares of company stock valued at $580,303,564. Company insiders own 14.53% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV acquired a new position in Facebook during the 3rd quarter worth $1,494,000. JS Capital Management LLC grew its holdings in Facebook by 21.5% during the 3rd quarter. JS Capital Management LLC now owns 313,000 shares of the social networking company’s stock worth $55,739,000 after acquiring an additional 55,413 shares in the last quarter. KCL Capital L.P. grew its holdings in Facebook by 60.0% during the 3rd quarter. KCL Capital L.P. now owns 160,000 shares of the social networking company’s stock worth $28,493,000 after acquiring an additional 60,000 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Facebook by 0.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 475,845 shares of the social networking company’s stock worth $84,738,000 after acquiring an additional 2,434 shares in the last quarter. Finally, Man Group plc grew its holdings in Facebook by 10.3% during the 3rd quarter. Man Group plc now owns 1,707,927 shares of the social networking company’s stock worth $304,147,000 after acquiring an additional 159,787 shares in the last quarter. 63.80% of the stock is owned by institutional investors and hedge funds.

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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