Facebook (FB) Is Diving More Than Bigger Markets: What You Need To Know
Facebook (FB) closed at $ 331.08 in the last trading session, marking a movement of -1.68% from the previous day. This change is smaller than the S&P 500’s 0.54% daily loss.
Prior to today, shares of the social media company had gained 8.64% over the past month, topping the computer and tech sector’s 6.51% gain and the 1.91 gain. % of the S&P 500 during this period.
Wall Street will research FB’s positivity as the date of its next earnings report approaches. In this report, analysts expect FB to post earnings of $ 3.03 per share. That would mark year-over-year growth of 68.33%. Meanwhile, our latest consensus estimate projects revenue of $ 27.89 billion, up 49.25% from the previous year’s quarter.
Zacks’ consensus estimates for FB’s full year forecast earnings of $ 13.18 per share and revenue of $ 116.21 billion. These results would represent year-over-year variations of 30.62% and 35.18%, respectively.
Any recent changes in analysts’ estimates for FB should also be noted by investors. Recent revisions tend to reflect the latest short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable and externally verified track record of success, with the No.1 stocks generating an average annual return of + 25% since 1988. Over the past month, Zacks Consensus’s EPS estimate has risen by 0. 99%. FB currently has a Zacks rank of # 1 (strong buy).
Looking at its valuation, FB holds a forward P / E ratio of 25.54. This valuation marks a discount compared to the average forward P / E of its sector of 28.48.
Additionally, it should be mentioned that FB has a PEG ratio of 1.27. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. The FB industry had an average PEG ratio of 2.03 at yesterday’s close.
The Internet – Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 194, which places it in the lowest 24% of all 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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Facebook, Inc. (FB): Free Stock Analysis Report
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