Facebook FB releases its next round of earnings this Thursday, July 30. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Earnings and Revenue
Based on management's projections, Facebook analysts predict earnings of $1.37 per share on sales of $17.35 billion. Facebook reported a profit of $1.990 per share when it published results during the same quarter last year. Sales in that period totaled $16.89 billion. The analyst consensus estimate would represent a 31.16% decrease in the company's earnings. Sales would be up 0.74% from the same quarter last year. Here's how the Facebook's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.74 | 2.53 | 1.91 | 1.87 |
| EPS Actual | 1.71 | 2.56 | 2.12 | 1.99 |
| Revenue Estimate | 17.48 B | 20.88 B | 17.36 B | 16.51 B |
| Revenue Actual | 17.74 B | 21.08 B | 17.65 B | 16.89 B |
Stock Performance
Shares of Facebook were trading at $230.12 as of July 29. Over the last 52-week period, shares are up 20.45%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Analysts have developed a bearish outlook on the upcoming earnings release over the past few days versus 90 days ago. The general EPS consensus estimate since that time has moved down 21.26% while revenue estimates have moved down 0.74%.
Don't be surprised to see the stock move on comments made during its conference call. Facebook is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/fefa6729
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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