Earnings date is the date of the next release of the company’s financial report where the company makes an official announcement about a company’s profitability for a specific time period. The financial report covers three months of the year. It is essential as the numbers of stock exchanges around the world provide information to investors on the state of a company.
Facebook is a social networking platform where everyone can get an access to post a piece of information or data after creating their accounts in that platform. It was founded in 2004 and with a mission to give people the power to build community and bring the world closer together.
Earnings date for facebook –
|Fiscal Quarter End||Date Reported||Earnings per share||Consensus EPS* forecast||% Surprise|
Looking back to earnings date for facebook in the Q2 of 2013, it has beaten street consensus EPS expectations every quarter. The stock has trended lower, nearly 30% down, since its last earnings release in July. After this, there were average results and not so firm guidance. Stock has been cheaper by most valuation metrics. Investors seemingly underestimated the long impact of recent privacy scandals, which may lead to disappointing user growth globally.
Earnings date for facebook on Q3 for October 30 could be the catalyst for the stock’s next leg lower. July 24, 2013, will be one of the worst days for Facebook (NASDAQ:FB) as that day the stock really broke out. It was the Q2 2013 earnings release where Facebook proved naysayers wrong by getting mobile right. That quarter mobile advertising reached $656 million. The total revenues for Facebook in Q2 2013 reached $1.8 billion and since then, climbed to $13.2 billion in Q2 in 2018.
The earnings report of Q2, 2018 –
- Earnings per share: $1.74 vs. $1.72 as per a consensus estimate
- Revenue: $13.23 billion vs. $13.36 billion as per a consensus estimate
- Global daily active users (DAUs): 1.47 billion vs. 1.49 billion(according to a StreetAccount and FactSet estimate).
The company posted its second-quarter earnings and it showed that the shares were down as much as 24 percent after the recent report on Wednesday and more than 17 percent in premarket trading Thursday. Currently, prices and given its market cap of Facebook is poised to lose more than $123 billion in market value. All these while, Facebook has successfully beaten consensus earnings estimates for 21 consecutive quarters, including its last Q2 release. It has reached greater heights in the stock, eventually plunging on weak guidance during the conference call.