Wall Street analysts expect Meta Platforms (META) to post quarterly earnings of $8.15 per share in its upcoming report, which indicates a year-over-year increase of 1.6%. Revenues are expected to be $58.4 billion, up 20.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Meta Platforms metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Reality Labs' should come in at $917.35 million. The estimate indicates a change of -15.3% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Family of Apps (FoA)' will likely reach $57.50 billion. The estimate indicates a change of +21.6% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Advertising' will reach $56.85 billion. The estimate indicates a change of +21.5% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Other' at $724.10 million. The estimate indicates a year-over-year change of +39.5%.
Analysts predict that the 'Advertising Revenue- US & Canada' will reach $25.58 billion. The estimate indicates a change of +21.9% from the prior-year quarter.
Analysts expect 'Advertising Revenue- Europe' to come in at $14.02 billion. The estimate points to a change of +25.7% from the year-ago quarter.
Analysts' assessment points toward 'Geographical Revenue by User- Rest of World' reaching $7.21 billion. The estimate indicates a year-over-year change of +23.1%.
The consensus estimate for 'Geographical Revenue by User- US & Canada' stands at $25.97 billion. The estimate points to a change of +19.2% from the year-ago quarter.
Analysts forecast 'Advertising Revenue- Rest of the World' to reach $6.98 billion. The estimate points to a change of +23.9% from the year-ago quarter.
It is projected by analysts that the 'Family daily active people (DAP)' will reach $3.57 billion. The estimate is in contrast to the year-ago figure of $3.35 billion.
The collective assessment of analysts points to an estimated 'Headcount' of 78,863 . The estimate compares to the year-ago value of 74,067 .
Based on the collective assessment of analysts, 'Average Revenue Per Person (ARPP)' should arrive at $16.19 . Compared to the current estimate, the company reported $14.25 in the same quarter of the previous year.
View all Key Company Metrics for Meta Platforms here>>>
Meta Platforms shares have witnessed a change of -3% in the past month, in contrast to the Zacks S&P 500 composite's +0.6% move. With a Zacks Rank #3 (Hold), META is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Meta Platforms, Inc. (META): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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