From Nasdaq MarketSite: 2024-07-30 19:56:00

Meta Platforms, the largest social media company, will be reporting Q2 results on Wednesday. Expectations include a 19% increase in sales to $38.27 billion and a 45% rise in EPS to $4.69. The company has surpassed earnings estimates for six consecutive quarters. Wall Street is also eager for updates on Meta AI and the metaverse.

Despite a YTD performance of +27%, Meta’s stock is a Zacks Rank #3 (Hold). Trading at a reasonable valuation of 23X forward earnings, Meta has outperformed its peers. Positive Q2 results and guidance will be key for further growth. Snap and Pinterest have struggled in comparison. Download Earnings Season Profit Secrets for stock insights.



Read more at Nasdaq MarketSite: Time to Buy Meta Platforms Stock as Q2 Earnings Approach?