Facebook share price: what to expect from Q1 results
The social media company expects to have an increase in Q1 earnings despite data breach controversies.
When is Facebook’s results date?
Facebook’s Q1 earnings will be released on April 24.
Facebook results preview: what does the company expect?
Facebook’s Q1 revenue could increase as the company itself predicted. Facebook's revenue is predicted by the company to increase year-by-year by 24-26%.
After Facebook’s positive Q4 2018 earnings, the social media company has proven it can withstand a series of data breach scandals and still bring in new users. Facebook’s Q1 2019 revenue can rise despite the many scandals the company must address, including a recent report that Facebook published racist ads from landlords renting apartments.
Despite the controversy over its data collection practices and allegations of housing bias, the social media company is delving into creating products for visitors. The corporation is working in a voice assistant similar to Amazon’s Alexa device. Facebook’s Q1 earnings could grow because of its investment in devices, like the Portal product that lets customers talk to each other via video.
How to trade Facebook Q1 results
Wall Street experts like Zack’s Equity Research expect Facebook earnings per share to plummet by 2.4% to $1.85. While they predict Facebook earnings will fall, financial analysts also project that Facebook’s Q1 revenue will increase by 25.2% to $14.96 billion. A poll of financial analysts found that 34 out of 49 experts had a ‘buy’ rating for Facebook stock.
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