Facebook (NASDAQ: FB) is also reporting Wednesday. Analysts are anticipating an earnings per share figure of $0.15 on revenue of $1.52 billion. Since the company's disappointing IPO, shares have climbed back, and are up nearly 40 percent in the last three months.
Tom Forte, an analyst at Telsey Advisory Group, is bullish on Facebook. He has no rating on the stock, but a $38 price target.
“We'll be looking for progress on mobile monetization,” Forte told Benzinga. “They've taken the percentage of ad revenue from mobile up from 0 percent to 14 percent. We think by the fourth quarter of 2013, it could be 25 percent.”