In the latest trading session, Facebook (FB - Free Report) closed at $182.95, marking a +0.42% move from the previous day. This change outpaced the S&P 500's 0.21% gain on the day. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.27%.
Prior to today's trading, shares of the social media company had lost 5.62% over the past month. This has was narrower than the Computer and Technology sector's loss of 8.68% and lagged the S&P 500's loss of 5.26% in that time.
FB will be looking to display strength as it nears its next earnings release. On that day, FB is projected to report earnings of $1.90 per share, which would represent year-over-year growth of 9.2%. Our most recent consensus estimate is calling for quarterly revenue of $16.45 billion, up 24.3% from the year-ago period.
FB's full-year Zacks Consensus Estimates are calling for earnings of $7.09 per share and revenue of $69.22 billion. These results would represent year-over-year changes of -6.34% and +23.97%, respectively.
Any recent changes to analyst estimates for FB should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. FB is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, FB currently has a Forward P/E ratio of 25.71. Its industry sports an average Forward P/E of 27.94, so we one might conclude that FB is trading at a discount comparatively.
Meanwhile, FB's PEG ratio is currently 1.27. 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. The Internet - Services industry currently had an average PEG ratio of 3.19 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 85, putting it in the top 34% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.