Summary
- Facebook looks to beat estimates on the top line for the sixth straight quarter.
- What does the latest analyst upgrade have to say about FB?
- How should Investors play Facebook heading into earnings?
Facebook Inc. (FB), a global leader in social media, will report its first quarter earning results on Wednesday, April 23, 2014, after the close of the markets.
Following the results, a conference call will take place to discuss the financial results at 5:00 p.m. ET / 2:00 p.m. PT. The live webcast, financial tables and slide presentation can be accessed through Facebook's investor relations website at investor.fb.com.
After beating analyst expectations on both the top and bottom lines the last three quarters, will Facebook be able to beat expectations once again? Let's take a look at the numbers that Wall Street expects.
Wall Street Expects:
- Revenue: $2.36B
- EPS: 0.24
- 2014 Q2 Guidance: $2.68B
So how has the Company performed with its earning reports? The table below shows FB's top line numbers over the past five quarters.
| FB Revenue History | January 2013 Q4 | May 2013 Q1 | July 2013 Q2 | October 2013 Q3 | January 2014 Q1 |
| Revenue Estimates: | $1.53B | $1.44B | $1.6B | $1.91B | $2.33B |
| ActualRevenue: | $1.6B | $1.46B | $1.8B | $2.02B | $2.59B |
| Difference: | +$70M | +$20M | +$200M | $110M | $260M |
| Average: | $132M |
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