Facebook: Q3 Earnings Preview
Facebook (NASDAQ: FB) will be reporting its third quarter financial results today after the markets close. Analysts have a consensus $417.22 12-month price target on the company, via a total of 57 analysts, with 19 analysts having strong buy ratings. 29 analysts meanwhile have buy ratings, 7 have hold ratings, and two analysts have sell ratings on the company. The street high comes from Credit Suisse with a $500 price target, and the lowest target sits at $225 from Societe Generale.
39 analysts have revenue estimates for the third quarter. The mean revenue estimate between all 39 analysts is $29.56 billion; this number has been revised upwards from $26.71 at the start of April. The highest revenue estimate is $30.19 billion, while the lowest is $28 billion.
Onto EBITDA estimates, there are currently 25 analysts who have third-quarter EBITDA estimates. The mean is currently $15.57 billion, with this number having been revised upwards from $13.30 billion at the start of april. The street high estimate currently sits at $16.68 billion in EBITDA and the lowest is $14.26 billion.
Analysts estimate that quarterly earnings per share will come in at $3.19, with this number being revised upwards from $2.71 at the start of April. Street high is $3.50 and the lowest estimate is $2.68 per share for the quarter
Information for this briefing was found via Edgar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
