Meta Platforms (META) is set to report its earnings for the quarter ending June 2024 on July 31, 2024. Analysts anticipate the company will post earnings of $4.69 per share, a year-over-year increase of 45.2%, with revenues expected to reach $38.27 billion, up 19.6% compared to the same period last year.
However, the Most Accurate Estimate is currently lower than the consensus, resulting in an earnings ESP of -1.45%. This negative outlook, amid a Zacks Rank of #3 (Hold), suggests it may be challenging for Meta Platforms to beat earnings expectations. In the previous quarter, the company recorded a positive surprise of 9.03% by earning $4.71 per share instead of the anticipated $4.32.
In a related sector, DoubleVerify Holdings (DV) is projected to report earnings of $0.04 per share, reflecting a year-over-year decrease of 42.9%. Its earnings ESP is -4.76%, coupled with a Zacks Rank of #4 (Sell), indicating difficulties in surpassing its consensus EPS estimate.
