Meta Platforms Inc Set for Key Earnings Release META is scheduled to announce its third-quarter earnings on Wednesday, Oct. 30. Analysts project earnings per share (EPS) at $5.24, with total revenues expected to reach $40.27 billion, as the company reports after market hours.

Over the past year, Meta’s stock has surged by 94.9%, while it has increased 70.35% year-to-date.

Next, we’ll examine what the technical charts reveal about Meta stock and assess how it compares to Wall Street expectations.

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Positive Signs for Meta Stock Before Q3 Earnings

The technical outlook for Meta stock appears primarily bullish, indicating that investors may see potential gains despite minor short-term setbacks.

Chart created using Benzinga Pro

Currently trading above its five, 50, and 200-day exponential moving averages, Meta’s price of $590.03 indicates strong buying interest and an overall upward trend.

The current price remains above the eight-day simple moving average (SMA) of $575.82 and the 20-day SMA of $581.52, suggesting solid short-term momentum.

Additionally, the stock is trading above the 50-day SMA of $553.40 and significantly above the 200-day SMA of $498.76, reflecting positive momentum for long-term investors.

The MACD reading of 6.07 reinforces this bullish outlook, while the rising RSI at 61.61 suggests it is approaching overbought levels. Investors should watch for possible short-term pullbacks as potential buying opportunities within the overall upward trend.

Analysts Forecast Over 14% Upside for Meta

Ratings & Consensus Estimates: Currently, analysts rate Meta stock as a Buy with a price target of $620.05. Recent ratings from Bernstein, Jefferies, and TD Cowen in October indicate a potential upside of 14.32% for Meta, with an average price target of $675.

Price Action: At the time of this report, Meta stock was trading at $590.32.

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