Why The Facebook Inc Streak Will Continue

money surgeLooking 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 Information Provider 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 30.7% 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.



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