Facebook (FB) will report first quarter results after the bell and host a call at 16:00. 

The Street is looking for Q1 adj. EPS of $1.33 (vs. $1.04 last year) with revenue up 42% to $11.41 bln. 

Facebook hit an all time high above $195/share on February 1 after the company reported staggering financial performance with EPS up 83% and revenue up 47%. Facebook beat on the top and bottom line for the eleventh quarters in a row. 

Daily active users (DAU) in the US and Canada actually fell sequentially for the first time ever in the fourth quarter of last year. 

Expectations:

The Street is looking for Q1 adj. EPS of $1.33 (vs. $1.04 last year) with revenue up 42% to $11.41 bln. 

Street expectations are for earnings to grow 17% to $7.20/share this year with revenue up 36% to $55.26 billion. Last year, EPS grew 86% to with revenue up 47% to $40.65 billion. 

TECHS:

Facebook has a massive $470 billion market cap, shares trade at just 23x earnings vs. the other half of the advertising duopoly GOOG GOOGL at 24x. 

RESULTS:

  • Facebook US and Canada Q1 DAU 185 mln vs. 184 mln in Q4 and 185 mln in 3Q17  (159.69)

  • Stock up 5% after blowing out Q1 estimates.

  • Facebook beats by $0.36, beats on revs; adds $9 billion buyback  

Reports Q1 (Mar) earnings of $1.69 per share, $0.36 better than the Capital IQ Consensus of $1.33; revenues rose 49.0% year/year to $11.97 bln vs the $11.41 bln Capital IQ Consensus. Mobile advertising revenue -- Mobile advertising revenue represented ~91% of advertising revenue for the first quarter of 2018, up from ~85% of advertising revenue in the first quarter of 2017.

Daily active users (DAUs) -- DAUs were 1.45 billion on average for March 2018, an increase of 13% year-over-year. Monthly active users (MAUs) -- MAUs were 2.20 billion as of March 31, 2018, an increase of 13% year-over-year. 

"We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together." 

 

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