Facebook closed the most recent trading day at $153.52, moving -0.14% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.59%. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.88%.
Prior to today's trading, shares of the social media company had lost 4.72% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.44% and lagged the S&P 500's loss of 4.1% 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%. Meanwhile, our latest consensus estimate is calling for revenue of $13.83 billion, up 33.94% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.07 per share and revenue of $55.64 billion, which would represent changes of +14.77% and +36.88%, respectively, from the prior year.
It is also important to note the 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 0.1% lower. FB is currently a Zacks Rank #4 (Sell).
Investors should also note FB's current valuation metrics, including its Forward P/E ratio of 21.75. For comparison, its industry has an average Forward P/E of 35.92, which means FB is trading at a discount to the group.
Meanwhile, FB's PEG ratio is currently 0.95. 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 2.75 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 89, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Facebook (FB) Stock Moves -0.14%: What You Should Know
Facebook closed the most recent trading day at $153.52, moving -0.14% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.59%. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.88%.
Prior to today's trading, shares of the social media company had lost 4.72% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.44% and lagged the S&P 500's loss of 4.1% 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%. Meanwhile, our latest consensus estimate is calling for revenue of $13.83 billion, up 33.94% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.07 per share and revenue of $55.64 billion, which would represent changes of +14.77% and +36.88%, respectively, from the prior year.
It is also important to note the 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 0.1% lower. FB is currently a Zacks Rank #4 (Sell).
Investors should also note FB's current valuation metrics, including its Forward P/E ratio of 21.75. For comparison, its industry has an average Forward P/E of 35.92, which means FB is trading at a discount to the group.
Meanwhile, FB's PEG ratio is currently 0.95. 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 2.75 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 89, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.