Wedbush Previews Facebook Earnings
Facebook Inc (NASDAQ: FB) is scheduled to report third quarter 2014 financial results on Tuesday after the market close.
Prior to the results, analysts at Wedbush offered a preview into Facebook earnings.
Shyam Patil stated, "We expect Facebook to report a strong 3Q given positive feedback from our checks on spending and pricing trends."
Patil further mentioned, "the stock is likely already pricing in a strong quarter. That said, we continue to believe the company has multiple catalysts ahead, including video ads, off-network(via Atlas, FAN and LiveRail), Instagram monetization, and WhatsApp."
The Street is expecting EPS of $0.40 per share on revenues of $3.11 billion.
Wedbush analysts have an Outperform rating and $90 price target on Facebook shares.
Latest Ratings for FB
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Deutsche Bank | Initiates Coverage On | Buy | |
| Mar 2022 | Piper Sandler | Maintains | Neutral | |
| Mar 2022 | Morgan Stanley | Maintains | Overweight |
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