Analysts expect Meta Platforms (META) to report quarterly earnings of $7.13 per share on October 25, 2023, reflecting a 0.1% year-over-year decline. Projected revenues are at $60.17 billion, up 26.6% from the same quarter last year. Over the past month, the consensus EPS estimate has increased by 0.6% due to analysts’ revisions.
Key metrics include: Revenue from the ‘Family of Apps’ at approximately $59.60 billion (+26.4% YoY), and ‘Advertising Revenue’ anticipated at $59.01 billion (+26.7% YoY). Additional forecasts suggest ‘Advertising Revenue- US & Canada’ will reach $26.03 billion (+29.9% YoY) and ‘Geographical Revenue by User- US & Canada’ at $25.57 billion (+25.5% YoY). The estimated ‘Family daily active people (DAP)’ stands at 3.61 billion, up from 3.48 billion a year ago.
As of now, Meta’s stock has risen 11.7% in the past month, outperforming the S&P 500’s 0.6% increase. The company maintains a Zacks Rank #3 (Hold), indicating market-aligned performance in the near term.
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