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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Facebook share price: what to expect from Q2 earnings?

Another strong set of results forecast as analysts remain bullish on stock.

Source: Bloomberg

When does Facebook report its Q2 results?

Meta Platforms Inc (All Sessions) reports its Q2 earnings after market on Wednesday 28 July 2021 EST.

What to watch out for

Analysts are tipping another bumper quarter from Facebook. Revenue is tipped to grow by 49.1% in the second quarter to $27.58 billion, with the result estimated to translate into an EPS of $3.56.

The solid financials are forecast to be driven by further growth in advertising revenues, as higher prices and greater demand from businesses amidst the drive to digitalize in the post-pandemic world feed Facebook’s top-line.

Despite expectations of another strong set of results in Q2, there will be some key issues that may threaten sentiment towards the stock this quarter. Ongoing regulatory threats still overhang the future of Facebook, while monthly active user growth may fall due to the re-opening of the US economy in the last quarter.

You can trade Meta Platforms Inc (All Sessions) with IG by creating a trading account or log into your existing account to get started.

Key data going into Facebook’s Q2 results

Financial metrics

EPS

Revenue

EPS growth Y/Y

Trailing P/E

$3.56 $27.58 billion 55.20% 31.63

Source: Bloomberg

Analyst recommendations

Buy

Hold

Sell

Consensus price target

48 7 3 391.85

Source: Bloomberg

Facebook IG client sentiment

Source: IG charts

Facebook technical analysis: bull trend in place as stock breaks to ATH

The technicals remain highly constructive for Facebook shares, hitting new all-time highs in recent days. Owing to strong company fundamentals, expectations of solid Q2 earnings, and a market backdrop that’s becoming increasingly supportive of growth and quality tech stocks, Facebook shares broke key price resistance around $360 last week, after investors took a brief challenge of its 50-day moving average to “buy-the-dip”.

Going into this week’s results, the trend looks clearly skewed to the upside for Facebook shares. A hold above previous support and now resistance $360 will be key, before focus shifts perhaps to analysts consensus price target for the stock at $391.85.

Want to trade Facebook?

You can trade Meta Platforms Inc (All Sessions) with IG by creating a trading account or log into your existing account to get started.

Source: IG charts

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

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