Analysts expect Facebook to report earnings

Analysts expect Facebook to report earnings of $1.90 per share, implying year-over-year (YOY) growth of 8.1%. The earnings growth will be driven by estimated Q3 revenue of $17.3 billion, 26.3% higher than the year ago period. For the entire 2019 fiscal year, Facebook is on track to post earnings per share (EPS) of $6.26 on revenue of $70.2 billion, according to analyst estimates. That would mean an annual EPS decline of 19.07%, the first year of negative EPS growth since 2012, the year of Facebook’s initial public offering (IPO).