Facebook (FB) Gains As Market Dips: What You Should Know

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

Facebook (FB) closed at $168.83 in the latest trading session, marking a +1.98% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.16%. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq lost 0.33%.

Coming into today, shares of the social media company had lost 2.33% in the past month. In that same time, the Computer and Technology sector lost 7.54%, while the S&P 500 lost 10.5%.

FB will be looking to display strength as it nears its next earnings release. On that day, FB is projected to report earnings of $1.79 per share, which would represent year-over-year growth of 110.59%. Meanwhile, our latest consensus estimate is calling for revenue of $17.69 billion, up 17.3% from the prior-year quarter.

FB’s full-year Zacks Consensus Estimates are calling for earnings of $7.80 per share and revenue of $78.43 billion. These results would represent year-over-year changes of +21.31% and +10.93%, respectively.

Any recent changes to analyst estimates for FB should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 16.11% lower within the past month. FB is currently a Zacks Rank #3 (Hold).

Looking at its valuation, FB is holding a Forward P/E ratio of 21.22. Its industry sports an average Forward P/E of 25.37, so we one might conclude that FB is trading at a discount comparatively.

Home of Science
Follow me

- Advertisement -




El Clasico: Real Madrid beat Barcelona 3-1 at Bernabeuon October 16, 2022 at 4:33 pm

Clinical Real Madrid beat Barcelona in the 250th El Clasico to go top of La Liga and inflict their rivals' first league defeat of...

Man’s 36-hour swing marathon lands world recordon May 18, 2022 at 5:47 am

The 51-year-old completed the 36-hour challenge, beating the previous record by two hours.

Batley: Police nab Chewy the chihuahua missing for seven yearson January 20, 2023 at 2:56 pm

Chewy the chihuahua was reported missing from his Batley home in 2016.Chewy the chihuahua was reported missing from his Batley home in 2016.

Scottish Prison Service to carry out ‘urgent review’ of trans inmateson January 29, 2023 at 4:45 pm

The Scottish Prison Service says it will pause the movement of all trans prisoners until the review ends.The Scottish Prison Service has announced an...

Six Nations 2023: Ken Owens to captain Wales squad that includes four uncapped playerson January 17, 2023 at 12:25 pm

Veteran Scarlets hooker Ken Owens will captain Wales in the Six Nations, taking over from Justin Tipuric.Veteran Scarlets hooker Ken Owens will captain Wales...
Home of Science
Follow me