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Zacks: Brokerages Expect Facebook, Inc. (NASDAQ:FB) Will Announce Quarterly Sales of $26.23 Billion
By: MarketBeat | January 2, 2021

Analysts expect Facebook, Inc. (NASDAQ:FB) to announce $26.23 billion in sales for the current quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Facebook's earnings. The lowest sales estimate is $25.41 billion and the highest is $26.93 billion. Facebook posted sales of $21.08 billion in the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 3rd.

On average, analysts expect that Facebook will report full-year sales of $84.19 billion for the current financial year, with estimates ranging from $83.31 billion to $85.03 billion. For the next fiscal year, analysts anticipate that the business will report sales of $104.83 billion, with estimates ranging from $100.11 billion to $107.85 billion. Zacks' sales averages are an average based on a survey of research firms that cover Facebook.

Facebook (NASDAQ:FB) last announced its earnings results on Thursday, October 29th. The social networking company reported $2.71 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.94 by $0.77. The firm had revenue of $21.47 billion for the quarter, compared to analysts' expectations of $19.78 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 earnings per share.

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