Can Facebook (FB) Run Higher on Strong Earnings Estimate Revisions? – Tale of the Tape

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FB’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Facebook could be a solid choice for investors.

Current Quarter Estimates for FB

In the past 30 days, 12 estimates have gone higher for Facebook while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 28 cents a share 30 days ago, to 32 today, a move of 14.3%.

Current Year Estimates for FB

Meanwhile, Facebook’s current year figures are also looking quite promising, with 13 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.17 per share 30 days ago to $1.32 per share today, an increase of 12.8%.

Bottom Line

The stock has also started to move higher lately, adding 12.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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