Needham & Company Maintains a 'Buy' on Facebook (FB); Q2/FY12 Earnings Preview
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Price: $25.16 --0%
Rating Summary:
25 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 10
Rating Summary:
25 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 10
Trade FB Now!
Needham & Company maintains a 'Buy' on Facebook (NASDAQ: FB) price target of $40.00.
Analyst, Laura Martin, said, "We expect FB to release 2Q12 earnings on July 23, 2012. We are maintaining our estimates. We project that FB will report 2Q12 revenue of $1.207B (up 35% y/y), Operating Income of $477mm (up 17% y/y), and Pro Forma EPS of $0.11 (down 6% y/y). Our 2Q12 segment estimates follow: Advertising segment should report revenue of $993mm (up 28% y/y)...Payments and Other Fees segment should report revenue of $214mm (up 80% y/y)."
"FY12 Estimates. We maintain our revenue and profitability estimates for FY12 at revenue of $5.041B (up 36% y/y) and Pro Forma EPS of $0.48 (down 6% y/y)."
For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.
Shares of Facebook closed at $31.47 yesterday, with a 52 week range of $25.52-$42.99.
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Analyst, Laura Martin, said, "We expect FB to release 2Q12 earnings on July 23, 2012. We are maintaining our estimates. We project that FB will report 2Q12 revenue of $1.207B (up 35% y/y), Operating Income of $477mm (up 17% y/y), and Pro Forma EPS of $0.11 (down 6% y/y). Our 2Q12 segment estimates follow: Advertising segment should report revenue of $993mm (up 28% y/y)...Payments and Other Fees segment should report revenue of $214mm (up 80% y/y)."
"FY12 Estimates. We maintain our revenue and profitability estimates for FY12 at revenue of $5.041B (up 36% y/y) and Pro Forma EPS of $0.48 (down 6% y/y)."
For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.
Shares of Facebook closed at $31.47 yesterday, with a 52 week range of $25.52-$42.99.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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