Can Facebook, Inc. (FB) Outperform The Stock Market This Year?

Facebook, Inc. (FB), a Internet Content & Information business, was a active mover in the prior market session. Facebook, Inc. (FB) shares opened the market for trading at $178.45 and closed the day at $182.28 with increasing move of +6.72%. The increase move in Facebook, Inc. (FB) beat the move in the DOW for the day which gained +1.99% in prior market session.

Facebook, Inc. (FB) is focused on the Internet Content & Information sector. This stock market sector has seen some movement from traders in recent trading sessions. Bullish traders of Facebook, Inc. (FB) will be looking for positive upcoming earnings whereas bearish traders of Facebook, Inc. (FB) will be looking for negative earnings. The last time Facebook, Inc. (FB) had an earnings surprise was on Qtr Ending 12/19 when they reported $2.56 compared to an estimate of $2.52 which was a difference of $+0.04 resulting in a change of +1.59%. Current earnings estimates are to be released for Current Qtr 03/2020 on Facebook, Inc. (FB) and out of 11 Wall Street estimates the average is saying $1.72. The high estimate is saying $1.94 whereas the low estimate is saying $1.37 and the prior year Facebook, Inc. (FB) announced earnings at $0.85 a growth rate est. (year over year) of +102.35%.

The market performance of Facebook, Inc. (FB) has varied recently. Year to date Facebook, Inc. (FB)’s shares are down -11.19%. Over the past 12 weeks Facebook, Inc. (FB) is down -18.34% and over the last 4 weeks Facebook, Inc. (FB) is up 16.69%. Facebook, Inc. (FB) current income statement shows revenue (ttm) of $70.7B. Gross Profit is $57.93B. This puts the current EBITDA of Facebook, Inc. (FB) at $29.73B.

Wall street traders might also notice recent changes to stock analyst estimates for Facebook, Inc. (FB). The stock is trading with an RSI (relative strength index) of 56.45 indicating Facebook, Inc. (FB) is neither overbought nor oversold. Technically, FB’s short term support levels are around $283.14, $269.42 and $257.35 on the downside. FBs short term resistance levels are $337.81, $314.70 and $291.01 on the upside. The market cap of Facebook, Inc. (FB) is $519.64B and institutions hold 79.02% of the stock. The outstanding share count stands at 2.86B while the short float (shares short) stands at 1.30%.

Market research shows that these financial estimate changes look to be directly correlated with short-term shares prices. The traders can look to capitalize on the basis of ranking. Facebook, Inc. (FB) has short term rating of Bullish (0.28), Intermediate rating of Neutral (0.12) and long-term rating of Bearish (-0.31) giving Facebook, Inc. (FB) an overall rating of Neutral (0.03).

The EPS growth this year on Facebook, Inc. (FB) is decreased -15.10% and is expected to increase 26.42% next year. However, quarterly earnings (EPS) growth year over year on Facebook, Inc. (FB) has decreased by -7.10% and quarterly revenue (Sales) growth year over year stands at 24.60%. Gross margin is detected at 81.90% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 26.10% while return on equity (ttm) is 20.00%.

Recent Developments:

2020-04-20 – Zuckerberg Says Carnegie Mellon Publishing Its Initial Findings From Facebook Coronavirus Symptom Survey On Monday – WaPo.
2020-04-14 – Facebook Says Today, WHO Launched Interactive Experience On Messenger To Provide Accurate, Timely Information About Coronavirus Outbreak.
2020-04-09 – Facebook Says Filed A Lawsuit In Federal Court In California Against Basant Gajjar.
2020-03-26 – Facebook Appoints Robert M. Kimmitt As Lead Independent Director.
2020-03-23 – Facebook Says Messenger Partnering With Developers To Provide Govt Health Organizations With Free Services To Respond To Coronavirus Pandemic.

About Company:

Facebook Inc. is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions.

Leave a Comment