On Friday, Facebook announced the acquisition of the social shopping search engine app TheFind.com. The move signals social network giant’s move towards entering both the search and e-commerce spaces.
The deal will likely lift Facebook’s digital advertising business and gain some traction in that space, where they have gained market share significantly over the past few years.
“Together, we believe we can make the Facebook ads experience even more relevant and better for consumers,” said a Facebook spokesperson in a press release. The terms of the deal have not yet been disclosed.
Wall Street analysts expect Facebook, Inc. (NASDAQ:FB) to report earnings per share of $0.23 for the current fiscal quarter. This number is based on the average estimate of the sell-side research firms that cover the stock. Facebook, Inc. (NASDAQ:FB) most recently reported earnings per share of $0.32 on 2015–0-1-28 for the quarter ended 2014-12-31. This number was -0.01 away from what analysts had expected, a difference of -3.03%.
As a whole, brokerage analysts have a consensus price target of $92 on the stock. This is the mean one year estimate based on the 27 polled research firms covering the equity. The most recent price target update that went into the average was added on 2015-03-10.
The average broker recommendation is an arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. Ratings are scaled on a 1 to 5 scale where 5 represents a Strong Sell and 1 represents a Strong Buy. Facebook, Inc. (NASDAQ:FB) currently has a rating of 1.24 based on 27 research broker recommendations. Of this group, the analyst that sees the biggest upside to the current stock price sees it reaching $107 within the year. The most conservative analyst has the price target set at $75 for the one year target.
Looking further ahead at the long term growth estimates for the firm, analysts are anticipating earnings per share of $1.27 for the current year. The most bullish analyst estimates earnings per share of $1.51, while the most bearish is estimating EPS of $0.96 for the year.