Analysts expect Facebook, Inc. (NASDAQ:FB) to post earnings of $2.17 per share for the current fiscal quarter, according to Zacks. Fourteen analysts have issued estimates for Facebook’s earnings. The lowest EPS estimate is $2.05 and the highest is $2.32. Facebook reported earnings of $2.20 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that Facebook will report full-year earnings of $7.37 per share for the current financial year, with EPS estimates ranging from $7.25 to $7.52. For the next financial year, analysts expect that the firm will post earnings of $7.32 per share, with EPS estimates ranging from $6.63 to $8.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Facebook.
Facebook (NASDAQ:FB) last released its earnings results on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The firm had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same quarter in the previous year, the business earned $1.59 EPS. The business’s quarterly revenue was up 32.9% compared to the same quarter last year.
FB opened at $137.42 on Wednesday. Facebook has a 52 week low of $126.85 and a 52 week high of $218.62. The firm has a market cap of $405.63 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 0.88 and a beta of 0.57.
In related news, insider Susan J.S. Taylor sold 2,268 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $135.81, for a total value of $308,017.08. Following the sale, the insider now directly owns 2,112 shares of the company’s stock, valued at approximately $286,830.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $166.07, for a total transaction of $9,133,850.00. The disclosure for this sale can be found here. Insiders sold a total of 518,103 shares of company stock worth $79,159,534 over the last ninety days. 17.23% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marble Arch Investments LP raised its holdings in shares of Facebook by 40.8% in the 1st quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock valued at $72,209,000 after purchasing an additional 130,900 shares during the period. Knott David M bought a new stake in shares of Facebook in the 1st quarter valued at about $3,196,000. Immersion Capital LLP bought a new stake in shares of Facebook in the 1st quarter valued at about $65,194,000. Natixis raised its holdings in shares of Facebook by 420.1% in the 1st quarter. Natixis now owns 789,988 shares of the social networking company’s stock valued at $126,232,000 after purchasing an additional 638,106 shares during the period. Finally, City Financial Investment Co Ltd bought a new stake in shares of Facebook in the 1st quarter valued at about $15,979,000. 58.42% of the stock is currently owned by institutional investors and hedge funds.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
Further Reading: Earnings Per Share (EPS) Explained
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