The world's three largest social networks – Facebook, Twitter and LinkedIn – are all due to report earnings this week, and analysts are expecting solid results from all three.
Twitter will have earnings out today, Facebook is due to report tomorrow, while LinkedIn is expected to report on Wednesday.
For Facebook, Wall Street estimates are for $3.1 billion (€2.45 billion) in revenue and earnings per share of $0.40. The company has seen a nice streak of beating earnings estimates, and it may very well do so again this week.
Goldman Sachs meanwhile are forecasting revenue to be higher than Wall Street consensus, coming in at $3.22 billion. In the last quarter, the social network posted revenue of $2.9 billion and earnings per share of 30 cent.
JP Morgan are forecasting Twitter’s third-quarter revenue to be in the region of $365 million, with EBITDA of $56 million.
In July Twitter posted second-quarter revenue of $312 million, up 124 per cent year on year. Adjusted EBITDA for the quarter was $54 million.
JP Morgan is forecasting third quarter revenue of $335 million for LinkedIn, which would be an increase of 41 per cent year over year.
In July LinkedIn posted quarterly earnings per share of $0.51 , beating the consensus estimate by $0.12. The company had revenue of $534.00 million for the quarter.
Analysts expect LinkedIn will post $1.87 earnings per share for the current fiscal year.
