Meta Platforms is expected to report strong Q2 earnings with significant increases in revenue and EPS

From Nasdaq: 2024-07-26 09:15:25

Analysts predict that Meta Platforms (META) will report quarterly earnings of $4.69 per share, a 45.2% increase from last year. Revenues are anticipated to reach $38.27 billion, a 19.6% rise from the same quarter in the previous year, signaling positive growth for the company.

By analyzing trends in earnings estimate revisions before a company’s earnings announcement, investors can gauge potential stock performance. Analysts’ projections for specific metrics like ‘Revenue- Reality Labs’ at $411.04 million and ‘Revenue- Family of Apps’ at $37.83 billion provide valuable insights into Meta Platforms’ anticipated revenue streams.

Analysts also estimate ‘Revenue- Advertising’ to reach $37.51 billion, with other categories like ‘Revenue- Other’ expected to hit $332.31 million. Projections for key metrics like ‘Advertising Revenue- US & Canada’ at $16.89 billion and ‘Advertising Revenue- Europe’ at $8.78 billion indicate positive growth potential for the company.

With estimations for metrics like ‘Headcount’ at 70,803 and ‘Family daily active people (DAP)’ at $3.26 billion, analysts are optimistic about Meta Platforms’ performance. The consensus estimate for ‘Average Revenue Per Person (ARPP)’ stands at $11.61, showing potential growth in revenue per user compared to previous quarters.



Read more at Nasdaq: Countdown to Meta Platforms (META) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS