Looking for a stock that might be in a good position to beat earnings at its next report? Consider Facebook Inc (NASDAQ:FB), a firm in the internet services industry which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, FB has beaten estimates by at least 30% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, FB expected to earn 9 cents per share, while it actually produced earnings of 13 cents per share, a beat of 44.4%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 13 cents per share, when it actually saw earnings of 17 cents per share instead, representing a 30.8% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Facebook .In fact, the Earnings ESP for FB is positive, which is a great sign of a coming beat.(...)Click here to continue reading the original ETFDailyNews.com article: Facebook Inc (FB): Can The Earnings Streak ContinueYou are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
- Momentum Stocks Prepare For Rest After Market Win Streak Halted
- S&P 500 Snapshot: Four-Day Losing Streak Ends
- Apple Inc.(AAPL) Up On China Mobile Deal As The Market Looks to Halt Losing Streak
- Solid Earnings Results Are Driving Aerospace & Defense ETFs
- Oracle Corporation (ORCL) Earnings Puts These ETFs In Focus
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here