Meta Platforms is set to report its quarterly earnings today after the market closes, with results expected around 4:05 pm EST. The company is anticipated to show significant growth with analysts predicting a 26.5% year-over-year increase in revenue to $36.2 billion for Q1, marking its third consecutive quarter of over 20% growth. Earnings per share (EPS) are projected to nearly double compared to last year, with estimates ranging from $4.28 to $4.36, and some expectations set at $4.30, reflecting an approximate 95% increase. Historically, Meta has seen an average one-day gain of 6.17% on Q1 earnings reaction days, with positive returns 73% of the time.
$META Meta Platforms will report Wednesday. Analysts estimate $36.08B in revenue (+25.96% YoY) and $4.28 in earnings per share (+94.55% YoY). https://t.co/LqeSGWIaUR
$META earnings expectations - EPS of $4.30 - Revenue of $36.1B Results are due out around 4:05 pm EST https://t.co/WXllbfyT6X
Meta $META is expected to report 26.5% YoY growth to $36.2B in revenue in Q1, its third consecutive quarter of >20% growth. Q1's EPS is projected to nearly double from last year, with consensus calling for 98% growth to $4.36.
$META reports earnings after the close today https://t.co/DU9Cu0OncO
Historically, Meta $META has reacted the most positively to its Q1 earnings report with an average one-day gain of 6.17% on Q1 earnings reaction days and positive returns 73% of the time. (But past performance is no guarantee of future results!) https://t.co/NV66fkOKrA
Live updates: Meta to report quarterly earnings today after market close https://t.co/ksqV1GA6Wo