Facebook earnings: Amid controversy, finances appear bulletproof
By Max A. Cherney
Facebook is scheduled to announce its Q2 results on Wednesday, July 25 after market close. The second quarter was a crucial period for the company following the Cambridge Analytica data scandal, although the stock seems that it has recovered. Earnings have shown few effects, possibly because of other properties like Instagram.
For the June ended quarter, we expect Facebook to continue to report strong revenue growth across regions.
Analysts estimate Facebook second-quarter sales of $13.35 billion, the bulk of which is mobile ads, according to FactSet. Mobile ads will account for sales of $11.88 billion, desktop ads will be responsible for $1.18 billion and the company’s payments and other fee segment will log $157 million. Contributors to Estimize expect total revenue of $13.56 billion.
Facebook stock has gained 24% in the past three months, as the S&P 500 SPX, +0.18% has gained 4.6%. Facebook shares are up 18% since the beginning of the year, after sliding in March following details of the Cambridge Analytica data privacy scandal.
Of the 47 analysts that cover Facebook, 42 have the equivalent of a buy rating on the stock, three rate it a hold and two have a sell rating.
The average target price is $225.81 which represents an 8.5% upside from Thursday’s close.
Deutsche Bank earnings preview: what to expect
By Markets Insider Automation
Deutsche Bank (NYSE:DB) will announce its earnings results before the market opens on Wednesday, July 25th.
Analysts are expecting the company to report €6.43 billion, a decrease of 2.87% over the prior year quarter.
Looking at the full year, analysts expect a profit of €0.463 per share. In the previous year there was a loss of €0.585 per share.
By Darrell McKinsey
Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Deutsche Bank has an average rating of “Hold” and an average price target of $16.01.
Keep an Eye On These 3 Things in Amazon.com Inc’s Second-Quarter Report
By Anders Bylund
E-commerce and cloud computing giant Amazon.com (NASDAQ:AMZN) will release its second-quarter earnings report after the closing bell on July 26. As the Whole Foods acquisition closed in August of last year, this update is sure to show a buyout-boosted year-over-year revenue surge.
Net sales should land near $52.5 billion. Hitting the midpoint of the guidance range would work out to a 38% increase over the year-ago period.
Operating income should land somewhere between $1.1 billion and $1.9 billion, up from $628 million in the second quarter of 2017.
Gold Price Analysis: Sell-Off to Continue or Corrective Move Higher?
By Justin McQueen
GOLD CONTINUES TO HOLD DOWNTREND FOR NOW
Gold bears have continued to remain in control, which has largely correlated with the strength in the Dollar, having been supported by a lift in US yields as of late. Alongside this, as long as gold prices stay below $1230, selling interest remains prominent. However, given the recent sell-off the conviction by bearish investors has eased.
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