Meta Platforms exceeded revenue and EPS estimates, showing positive growth in key metrics

From NASDAQ.: 2024-07-31 18:00:09

Meta Platforms reported revenue of $39.07 billion for the quarter, up 22.1% YoY, with an EPS of $5.16. Analysts were surprised by the +1.91% revenue beat and +9.79% EPS surprise. The company’s key metrics, including headcount, DAP, ARPP, and revenue by region, all showed positive growth compared to estimates.

Despite a recent -9.1% return in the past month, Meta Platforms maintained a Zacks Rank #3. Research predicts significant growth potential for the stock, particularly targeting millennial and Gen Z audiences, with a recent revenue of nearly $1 billion last quarter. Investors are invited to learn more about this pick and other top stocks with explosive upside potential.



Read more at NASDAQ.: Compared to Estimates, Meta Platforms (META) Q2 Earnings: A Look at Key Metrics