TwinsTalkStocks, 8 year old twins, Ashay Jorel and Devin Kalel, stand by Facebook (FB), which is down 3% today.
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An analyst cautioned that Facebook will not be able to meet Q1 earnings due to the high projections.
The same analyst maintained a positive long-term buy and a price target of $150.
Facebook has beaten the earnings estimates the past two quarters.
Last quarter it beat the earnings estimates by 18%.
Facebook has 1.8 billion monthly active users.
The average user spends 1,000 minutes a month on Facebook, which is 33 minutes a day.
The closest competitors are Snapchat and Instagram. Their users are on their sites 300-400 minutes a day.
Oh yeah, Facebook owns Instagram.
Earnings will be released for Q1 after the close Wednesday April 27th.
Today Oculus announced that a shortage of parts will delay some shipments of its Rift VR headsets.
As a make-good, they will be giving free shipping on all pre-orders, even those shipping internationally.
Oculus will not be material to its earnings this year.
When Facebook reported Q4 numbers in January, they had 900 million users on WhatsApp, 800 million users on Messenger and 400 million users on Instagram.
We think those numbers should be higher when they report Q1. Plus, we think live video will be a driver.
Facebook should climb higher leading up to its earnings announcement.
We’re gonna stand by you Facebook.
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