Facebook closed the most recent trading day at $154.78, moving +0.47% from the previous trading session. This change outpaced the S&P 500's 0.43% loss on the day. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq added 0.26%.
Heading into today, shares of the social media company had lost 7.21% over the past month, lagging the Computer and Technology sector's loss of 6.53% and the S&P 500's loss of 4.68% in that time.
FB will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018. On that day, FB is projected to report earnings of $1.47 per share, which would represent a year-over-year decline of 7.55%. Our most recent consensus estimate is calling for quarterly revenue of $13.83 billion, up 33.89% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.07 per share and revenue of $55.43 billion. These totals would mark changes of +14.77% and +36.35%, respectively, from last year.
Any recent changes to analyst estimates for FB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. FB currently has a Zacks Rank of #3 (Hold).
Investors should also note FB's current valuation metrics, including its Forward P/E ratio of 21.8. This valuation marks a discount compared to its industry's average Forward P/E of 29.52.
Meanwhile, FB's PEG ratio is currently 0.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.41 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FB in the coming trading sessions, be sure to utilize Zacks.com.
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Facebook (FB) Gains As Market Dips: What You Should Know
Facebook closed the most recent trading day at $154.78, moving +0.47% from the previous trading session. This change outpaced the S&P 500's 0.43% loss on the day. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq added 0.26%.
Heading into today, shares of the social media company had lost 7.21% over the past month, lagging the Computer and Technology sector's loss of 6.53% and the S&P 500's loss of 4.68% in that time.
FB will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018. On that day, FB is projected to report earnings of $1.47 per share, which would represent a year-over-year decline of 7.55%. Our most recent consensus estimate is calling for quarterly revenue of $13.83 billion, up 33.89% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.07 per share and revenue of $55.43 billion. These totals would mark changes of +14.77% and +36.35%, respectively, from last year.
Any recent changes to analyst estimates for FB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. FB currently has a Zacks Rank of #3 (Hold).
Investors should also note FB's current valuation metrics, including its Forward P/E ratio of 21.8. This valuation marks a discount compared to its industry's average Forward P/E of 29.52.
Meanwhile, FB's PEG ratio is currently 0.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.41 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FB in the coming trading sessions, be sure to utilize Zacks.com.