$1.90 EPS Expected for Facebook, Inc. (NASDAQ:FB) This Quarter

Analysts expect that Facebook, Inc. (NASDAQ:FB) will report earnings of $1.90 per share for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Facebook’s earnings, with the highest EPS estimate coming in at $2.15 and the lowest estimate coming in at $1.71. Facebook posted earnings of $1.76 per share in the same quarter last year, which indicates a positive year over year growth rate of 8%. The firm is expected to announce its next earnings report after the market closes on Wednesday, October 30th.

On average, analysts expect that Facebook will report full year earnings of $6.39 per share for the current financial year, with EPS estimates ranging from $5.89 to $7.86. For the next year, analysts expect that the company will post earnings of $9.54 per share, with EPS estimates ranging from $8.56 to $11.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Facebook.

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

A number of equities research analysts have recently issued reports on the stock. UBS Group restated a “buy” rating and issued a $240.00 target price on shares of Facebook in a research note on Thursday, July 25th. Oppenheimer upped their target price on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Susquehanna Bancshares upped their target price on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Mizuho increased their price objective on shares of Facebook from $230.00 to $247.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank set a $230.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $223.11.

In other news, CRO David B. Fischer sold 12,267 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $184.12, for a total value of $2,258,600.04. Following the completion of the transaction, the executive now directly owns 48,970 shares in the company, valued at $9,016,356.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Thiel sold 22,246 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the completion of the transaction, the director now owns 9,948 shares of the company’s stock, valued at $1,810,536. The disclosure for this sale can be found here. Insiders sold 4,035,838 shares of company stock valued at $743,951,425 over the last quarter. Insiders own 14.53% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Facebook by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after acquiring an additional 3,465,756 shares in the last quarter. BlackRock Inc. lifted its position in shares of Facebook by 2.8% in the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after acquiring an additional 4,114,043 shares in the last quarter. Invesco Ltd. lifted its position in Facebook by 36.5% in the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after buying an additional 9,368,684 shares in the last quarter. Northern Trust Corp lifted its position in Facebook by 1.7% in the 2nd quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock worth $5,518,644,000 after buying an additional 470,411 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Facebook by 5,336.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after buying an additional 22,082,561 shares in the last quarter. 63.23% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook stock traded up $3.90 during trading on Monday, reaching $189.75. The company had a trading volume of 8,571,844 shares, compared to its average volume of 13,425,016. The company has a market cap of $539.41 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02. The firm’s fifty day moving average is $184.36 and its 200-day moving average is $186.15. 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 fifty-two week low of $123.02 and a fifty-two week 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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