#TechnologyNews #Facebook Inc:Profits of $2.53 per share anticipated for fourth quarter #BB

“Facebook Inc:Profits of $2.53 per share anticipated for fourth quarter

Facebook Inc is expected to show an increase in its fourth quarter earnings to $2.53 per share according to the mean Refinitiv estimate from forty four analysts. Wall Street expects results to range from $2.04 to $2.78 per share.

RECOMMENDATIONS * The consensus recommendation for the company is “Buy”. This includes eighteen “Strong Buy”, thirty “Buy”, three “Hold”, two “Sell”. * The average consensus recommendation for the online services peer group is also “Buy”.

FORECAST CHANGES * Forty seven analysts are currently providing Refinitiv with estimates. * In the last week one analyst has negatively revised an earnings estimate and three analysts have revised earnings estimates upward. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 0.13 percent from $2.52. Estimates ranged from a high of $2.78 to a low of $2.04. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the forty seven analysts providing estimates is $248.83.

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YEAR OVER YEAR * The company is expected to report a rise in revenue to $20.89 billion from $16.91 billion in the same quarter last year. * The current quarter consensus estimate of $2.53 per share implies a gain of 6.12 percent from the same quarter last year when the company reported $2.38 per share.

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