Social media giant Facebook (FB – Free Report) is set to release second-quarter fiscal 2017 results on July 26 after market close. After seven consecutive quarters of earnings and revenue beat, what is in store for the company in the Q2 reporting cycle?
Investors should note that Facebook has had an impressive run so far this year, hitting fresh highs and locking in gains of about 31.3%, clearly outperforming the industry by a wide margin. This trend is likely to continue given the positive earnings revision trend, which is generally a precursor to an earnings beat, and attractive fundamentals though earnings surprise is difficult to predict at this time (read: Tech ETFs on Fire as Q2 Earnings Season Heats Up).
