Media
Why Analysts Are Even More Bullish on Facebook for 2016 and Beyond
Published:
Last Updated:
Facebook Inc. (NASDAQ: FB) posted solid fourth-quarter earnings this past week, which catapulted the stock to a new all-time high. Needless to say, analysts absolutely loved this report. 24/7 Wall St. has highlighted a few of the important points of the report and added in a montage of what analysts were saying following the report.
For the quarter, the social media company posted adjusted diluted earnings per share (EPS) of $0.79 on revenues of $5.84 billion. In the same period a year ago, it reported EPS of $0.54 on revenues of $3.85 billion. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.68 and $5.37 billion in revenues.
The number of daily active users rose to 1.04 billion in December. and the number of mobile daily active users rose to 934 million. December’s monthly active user total rose 14% to 1.59 billion, and the monthly mobile active user count rose 21% to 1.44 billion.
Mobile advertising revenue represented approximately 80% of advertising revenue for the fourth quarter of 2015, up from 69% of advertising revenue year-ago quarter.
Shares of Facebook hit a new 52-week high of $112.84 on Friday. The consensus analyst price target was listed as $132.25, but this may very well change. The 52-week low is $72.00.
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.