Equities analysts forecast that Facebook, Inc. (NASDAQ:FB) will report $17.33 billion in sales for the current quarter, according to Zacks. Twelve analysts have provided estimates for Facebook’s earnings, with estimates ranging from $16.84 billion to $17.81 billion. Facebook posted sales of $13.73 billion during the same quarter last year, which suggests a positive year over year growth rate of 26.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Facebook will report full year sales of $70.31 billion for the current year, with estimates ranging from $69.37 billion to $71.31 billion. For the next financial year, analysts forecast that the firm will post sales of $85.65 billion, with estimates ranging from $83.62 billion to $89.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Facebook.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 EPS.

FB has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 23rd. BidaskClub downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Raymond James boosted their price objective on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on Facebook from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, MKM Partners reaffirmed a “buy” rating and set a $245.00 target price (up previously from $190.00) on shares of Facebook in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $220.92.

Shares of NASDAQ:FB traded up $2.32 during trading hours on Friday, hitting $188.49. The company’s stock had a trading volume of 11,558,358 shares, compared to its average volume of 17,437,799. The firm’s fifty day moving average price is $187.42 and its 200 day moving average price is $182.81. Facebook has a 52 week low of $123.02 and a 52 week high of $208.66. The company has a market capitalization of $538.52 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.

In related news, CEO Mark Zuckerberg sold 7,100 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $179.16, for a total transaction of $1,272,036.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO David B. Fischer sold 12,267 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $184.12, for a total value of $2,258,600.04. Following the sale, the executive now directly owns 48,970 shares in the company, valued at $9,016,356.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,244,072 shares of company stock valued at $416,434,607. 14.53% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Facebook by 13,908.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after acquiring an additional 70,263,213 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Facebook by 5,336.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock valued at $4,341,794,000 after purchasing an additional 22,082,561 shares in the last quarter. Invesco Ltd. raised its holdings in Facebook by 36.5% in the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after purchasing an additional 9,368,684 shares during the period. Viking Global Investors LP raised its holdings in Facebook by 231.7% in the 2nd quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock worth $1,363,295,000 after purchasing an additional 4,934,406 shares during the period. Finally, BlackRock Inc. raised its holdings in Facebook by 2.8% in the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock worth $29,270,846,000 after purchasing an additional 4,114,043 shares during the period. Institutional investors and hedge funds own 63.60% of the company’s stock.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Earnings History and Estimates for Facebook (NASDAQ:FB)

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