Quite a few brokerages from Wall Street have predicted that the stocks of FB will be announcing their EPS of $2.99 for the quarter. According to a report, fourteen different analysts have already provided estimates into the earnings of the company. The estimates range from $2.47 to $3.24. The EPS reported by the company the previous year was $1.80, which is indicative of an annual growth rate of about 66.1%. The company will be posting its next quarterly report on the 29th of July.
The Quarterly Estimates Of FB
FB previously announced its quarterly report on the 28th of April. The EPS reported by the company during the period was $3.30, which was more than the consensus estimate of $2.35. The return on equity for the company during this period was 23.27% with a net margin of around 32%. The revenue generated by the company during this period was $26.20 billion, which was more than the consensus estimate of $23.61 billion.
There have been quite a few research equities that have commented on the stocks of FB. Barclays has also increased the price target of the company from $350 to $410 with a rating of overweight in a 5th May research report. Cowen has also put up a price target from $350 to $360 with a rating of “outperform” in a 21st April research note. The Goldman Sachs Group has also put up a rating of buy with a price target of $355 in a 28th January research note.
One of the investment analysts has already given the company a rating of sell, while eight of them have given it a rating of hold. Close to thirty-four have given the company a rating of buy. Currently, FB has a buy rating, with a $366.87 price target.