Facebook has outperformed Wall Street’s expectations in eight of the past nine quarters. Investors are hopeful for yet another strong earnings report when the company discloses its first-quarter results after US markets close today.
Overall, tech stock analysts are anticipating $5.26 billion in revenue, which would represent a 49% increase year over year, and earnings of 40 cents per share, up 120% from a year ago.
Many top technology stock analysts say that The momentum driving Facebook forward hasn’t shown any signs of letting up. The company now has 1.59 billion monthly active users on the social network-1.04 billion of whom check the app everyday-not to mention 1 billion users on WhatsApp, 900 million on Messenger, and 400 million on Instagram. Two years after acquiring Oculus, it shipped its first virtual-reality headset in March.
The stock’s trading near an all-time high to boot and with assets like Messenger and WhatsApp, these projects still have huge potential in the long term. Virtual reality is also widely believed to be the next major computing platform