The social media giant is expected to report a non GAAP EPS of $0.52.
Facebook Inc. turned out to have an earnings report that surprised the analysts in the market, as the social media giant beat all kinds of expectations by a massive difference. However, the media company has been facing some serious lows on the index lately, which is believed to be due to the general loss that is striking all the strong stocks. The upcoming earnings report of the giant is to be announced in the couple of weeks and analysts think that if the earnings turn out to be towards the positive side, it is possible that the investors in the firm also end up getting bullish about the activities being carried out in the present situation. The social media giant is all set to make its earnings call on November 4, and analysts think that the giant will be reporting some major growth rates that have taken place during the fiscal quarter. Investors have come around to be a little over the bullish side while looking at Facebook stock but the negativity that has been observed lately has been making them confused about where the media company is actually headed. Analysts in the stock market have given out an estimated EPS (non-GAAP) of $0.52 to be expected out of Facebook’s earnings whereas the total revenue for the quarter is to come around at $4.36 billion. The expectations have also risen by around 36% where the revenue is concerned and for the EPS, the rise in predicted value is seen to be at 21%. The increase in the expected revenue and EPS is massively supported by the high investments made by the giant in order to make the marketing of the social media site much better than before. Currently the social media platform enjoys monthly active users up to 1.51 billion and the rise for the upcoming quarter is expected to come around 1.52 billion which, according to analysts, is a slower growth is compared to the growth in the previous year’s same quarter. As for the daily active users, the numbers are expected to revolve around a number of 865 million for the third quarter of the year.
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