In the latest trading session, Facebook (FB - Free Report) closed at $163.04, marking a +0.31% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the social media company had lost 11.23% in the past month. In that same time, the Computer and Technology sector gained 0.1%, while the S&P 500 gained 1.28%.
Wall Street will be looking for positivity from FB as it approaches its next earnings report date. This is expected to be November 7, 2018. In that report, analysts expect FB to post earnings of $1.48 per share. This would mark a year-over-year decline of 6.92%. Our most recent consensus estimate is calling for quarterly revenue of $13.83 billion, up 33.94% from the year-ago period.
FB's full-year Zacks Consensus Estimates are calling for earnings of $7.08 per share and revenue of $55.46 billion. These results would represent year-over-year changes of +14.94% and +36.41%, respectively.
Investors might also notice recent changes to analyst estimates for FB. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. FB is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, FB currently has a Forward P/E ratio of 22.97. Its industry sports an average Forward P/E of 32.78, so we one might conclude that FB is trading at a discount comparatively.
It is also worth noting that FB currently has a PEG ratio of 1.04. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Services industry currently had an average PEG ratio of 2.59 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 112, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.