FB Will Be Posting Sales Of Around $23.66 Billion

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FB
FB

Several brokerage firms at Wall Street have predicted that the stocks of FB would be reporting a sales sum of $23.66 billion for the quarter. Around fourteen different analysts have already provided estimates into the earnings of the company, with the ball rolling at $22.54 billion, and coming to a stop at $24.06 billion. The sales reported by the company the previous year were $17.74 billion, which indicates an annual growth rate of about 33.4%. The company will be reporting its next quarterly results on the 5th of May.

The Quarterly Estimates Of FB

The stocks of FB had previously reported their quarterly result on the 27th of January. The company dealing in social networks had an EPS of $3.88 for that quarter, which was more than the consensus estimate of about $3.24. The revenue generated by the company was $28.10 million, which was more than the estimate set at $26.43 million. The net margin of the company was 32%, with a 23.27% return on its equity. 

There have been quite a few research equities that have commented on the stocks of FB. Cowen has already increased the price objective of the firm from a sum of $330 to a sum of $340, with a rating of outperform in a 12th January research report. Oppenheimer also went ahead and increased the price target of the company from $345 to $350 in a 28th January research report.

Pivotal Research followed the trend and increased the price target of the company from $315 to $340, with a rating of hold in a 28th January research report. In the end, MKM Partners also increased the price target of the company from $330 to $340, with a rating of buy in a 28th January research report. 

One of the investment analysts dealing with the company has already given it a rating of sell, while four others have given it a rating of hold. Close to thirty-seven analysts issued the stocks of FB a rating of buy. The company currently has a buy rating with a $323.98 price target.