We're smack-dab in the middle of tech earnings season, and two key names to watch in the coming weeks will be social-media dynamos Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR).

The past few weeks haven't been particularly kind to either Facebook or Twitter as the broader sell-off that's especially gripped high-growth stocks has hammered both names. All told, both Facebook and Twitter are down roughly 10% in the past month, faring essentially twice as bad as the decline seen in the Nasdaq.

Fb F Logo

Source: Facebook.

Facebook reports its earnings on Wednesday, April 23, after the market closes, so let's look at what investors should watch out for from Facebook's much-anticipated earnings.

What to expect from Facebook
There are several key stories that investors should closely monitor when Facebook reports.

For starters, analysts are calling for Facebook's ongoing growth story to remain very much intact, with sales and EPS expected to surge some 60% and 100%, respectively, compared with the same quarter last year. However, with Facebook having recently pulled the trigger on two extremely expensive acquisitions in the past quarter, investors should also keep a close out for any additional commentary on the buyout front as well.

In the following video, tech and telecom specialist Andrew Tonner highlights some of the most important elements for investors to watch out for as Facebook announces its earnings this week ahead of Twitter's report later this month.

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Andrew Tonner owns shares of Apple. The Motley Fool recommends Apple, Facebook, and Twitter and owns shares of Apple and Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.