As one of the last major tech companies to announce their earnings this quarter, there is a lot of excitement building for Facebook’s earning announcement on Wednesday. After such amazing results from Microsoft and Amazon, the pressure is now on the social network to show its own growth, and it looks like they are poised to do so.
Business Insider says that:
Facebook is trading at all-time highs, up 1.28% at $180.68, ahead of the company’s earnings report on Wednesday.
and Smarter Analyst reports that:
Facebook Inc is raring to deliver what top analyst Mark Mahaney at RBC Capital expects will be a solid third quarter print come Wednesday, thanks to signals of rumbling online advertiser momentum and continued rapid-fire user growth/engagement.
If Facebook delivers on these predicted increases in user growth, then we may see a similar outcome to what Netflix experienced when it showed a massive increase in subscribers: That is to say their stock could fly up.
Facebook has been on a tear this year (up 53% according to Business Insider) and if RBC’s projections are correct then they may be up much more than that by the weekend. Investors should decide if now is the right time to buy Facebook’s stock; the price may go up even more in the coming days and if you do want to buy, you won’t want to miss the growth.
To read Business Insider’s article on Facebook’s projected earnings, click here.
To read Smarter Analyst’s article on Facebook’s projected earnings, click here.
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