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Earnings Whispers: Diplomat Pharmacy Inc. (DPLO) And Facebook Inc. (FB)

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Q3 earnings predictions for Diplomat Pharmacy and Facebook before their quarterly earnings announcement later today

After the closing bell on November 2, Diplomat Pharmacy Inc. (NYSE:DPLO) and Facebook Inc. (NASDAQ:FB) will release their financial data for the third quarter of fiscal year 2016 (Q3FY16). Both companies have impressed investors in the past with exceptional beat trends. Whispers suggest that Facebook will beat the Street on top and bottom line, whereas Diplomat Pharmacy will meet the Street on its top line expectations only.

Diplomat Pharmacy

Data from FactSet suggests that Diplomat Pharmacy has consensus earnings per share (EPS) estimate for 3QFY16 of 24 cents. EPS is expected to increase by just one cent on sequential basis, as it reported 23 cents for the last quarter. However, EPS is expected to decline 7.69% year-over-year (YoY), as it had 26 cents EPS in 3QFY15.

Street analysts have also given $1.26 billion in revenue forecast for Diplomat Pharmacy. Estimize.com expects $1.53 billion company to meet the Street on top line, and report an increase in revenue of 33.06% YoY. The company reported $946.91 million for the same quarter a year ago, while it announced $1.1 billion last quarter.

Facebook

Street analysts forecast Facebook to report $0.98 in third quarter EPS. Earningswhispers.com anticipates higher profits per share of $1.03, implying that social networking site will beat the Street on bottom line by about five cents. Earnings for the season are also expected to grow 71.93% YoY, since it announced profits of 57 cents per share in Q3FY15. For the previous quarter, it reported 71 cents in EPS.

Estimize.com predicts Facebook to report $7.03 billion revenue this quarter. If it does, Facebook will miss out on Street revenue estimate of $6.92 billion. Street analysts suggest that revenue will rise 7.57% quarter-over-quarter (QoQ) as it reported $6.47 billion for the previous season. In its third quarter earnings call for last year, it announced revenue of $4.5 billion. This means that Street analysts expect revenue to rise 53.84% YoY.

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