Market Overview

Facebook Nears All-Time High Ahead Of Q4 Report

Facebook Nears All-Time High Ahead Of Q4 Report

Facebook Inc (NASDAQ: FB) shares are trading higher by $1.56 at $131.88 in Wednesday's session. After the close, the company will release its Q4 report, with Street estimates for EPS at $1.30 on revenues of $8.49 billion.

The issue has been a stellar performer in 2017. It ended 2016 at $115.05 and reached $133.14 on January 24. That's just shy of its all-time high made on October 25 at $133.50.

The issue quickly retreated from that level and fell $7.17 from $127.17 to $120.00 on November 3, when the Street was impressed with its Q3 beat. Eventually, the issue went on to bottom on November 14 at $113.55 and set the stage for the rebound to its current level.

Obviously, investors are leaning toward the long side ahead of the report, raising expectations for a blowout quarter. Since its IPO in May 2012, the company has missed on EPS one time when it was a penny shy for Q1 2013. The company also had a negligible revenue miss in Q1 2015.

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