In the latest trading session, Facebook closed at $313.02, marking a -0.02% move from the previous day. This change lagged the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the social media company had gained 15.25% over the past month. This has outpaced the Computer and Technology sector's gain of 5.45% and the S&P 500's gain of 6.32% in that time.
FB will be looking to display strength as it nears its next earnings release, which is expected to be April 28, 2021. On that day, FB is projected to report earnings of $2.36 per share, which would represent year-over-year growth of 38.01%. Our most recent consensus estimate is calling for quarterly revenue of $23.69 billion, up 33.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.28 per share and revenue of $108.48 billion, which would represent changes of +11.79% and +26.19%, respectively, from the prior year.
Any recent changes to analyst estimates for FB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FB is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, FB currently has a Forward P/E ratio of 27.16. Its industry sports an average Forward P/E of 32, so we one might conclude that FB is trading at a discount comparatively.
We can also see that FB currently has a PEG ratio of 1.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Facebook (FB) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Facebook closed at $313.02, marking a -0.02% move from the previous day. This change lagged the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the social media company had gained 15.25% over the past month. This has outpaced the Computer and Technology sector's gain of 5.45% and the S&P 500's gain of 6.32% in that time.
FB will be looking to display strength as it nears its next earnings release, which is expected to be April 28, 2021. On that day, FB is projected to report earnings of $2.36 per share, which would represent year-over-year growth of 38.01%. Our most recent consensus estimate is calling for quarterly revenue of $23.69 billion, up 33.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.28 per share and revenue of $108.48 billion, which would represent changes of +11.79% and +26.19%, respectively, from the prior year.
Any recent changes to analyst estimates for FB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FB is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, FB currently has a Forward P/E ratio of 27.16. Its industry sports an average Forward P/E of 32, so we one might conclude that FB is trading at a discount comparatively.
We can also see that FB currently has a PEG ratio of 1.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.