Analyzing FB Stock After It is Set To Report Earnings Of $3.19 EPS


The analysts of Wall Street have estimated a $3.19 EPS earnings for the present quarter of Facebook Inc (NASDAQ: FB). The lowest estimate is of $2.86 EPS and the highest at $3.63. 

FB issued a $2.56 EPS earnings for this quarter in 2019 indicating a 24.6% rate of growth. Facebook is likely to announce its coming quarterly earnings outcome on 3rd February. On Tuesday, FB stock started from $285.58 in the stock market with a market cap of $813.42B. The PEG, price-to-earnings, and beta are 1.57, 32.53, and 1.26, respectively. 

The lowest in 12 months is $137.10 and the highest is $304.67. The simple average of 50-day moving is $276.74 and 200-day is $257.50. According to the 29th October report, Facebook reported earnings of $2.71 EPS surpassing the estimate by almost $0.77. They also had a $21.47B revenue that surpassed the $19.78B estimate. The revenue surged by21.6% on an annualized basis.

FB Stock Transactions

Moffett Nathanson promoted the price target of Facebook stock to $270 from $240 and gave a rating of ‘buy’. Oppenheimer increased the target price to $300 from $270 and gave a rating of ‘outperform’.

Truist promoted it to $310 from $285 while Royal Canada Bank increased it to $350 from $320 and gave a rating of ‘outperform’. Monness Crespi&Hardt increased it to $350 from $290 and gave a rating of ‘buy’. 

Facebook has a ‘buy’ as its average rating and a price target standing at $295.33. Mark Zuckerberg, the CEO, sold off 56,250 shares at $280.87 EPS worth $15,798,937.50. David Fischer, CRO, sold off 13,118 shares at $276.02 worth $3,620,830.36. Insiders sold 553,180 shares valued at $152,800,001. Corporate insiders own 14.14% FB stock.