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Ahead of Meta Platforms (META) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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In its upcoming report, Meta Platforms (META - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $6.67 per share, reflecting a decline of 8% compared to the same period last year. Revenues are forecasted to be $63.18 billion, representing a year-over-year increase of 23.3%.
The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Meta Platforms metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Advertising' should arrive at $61.81 billion. The estimate indicates a year-over-year change of +23.4%.
Analysts predict that the 'Revenue- Other' will reach $1.13 billion. The estimate points to a change of +63.3% from the year-ago quarter.
The consensus estimate for 'Revenue- Family of Apps (FoA)' stands at $62.87 billion. The estimate indicates a year-over-year change of +23.8%.
It is projected by analysts that the 'Revenue- Reality Labs' will reach $454.08 million. The estimate points to a change of -3.4% from the year-ago quarter.
Analysts expect 'Advertising Revenue- US & Canada' to come in at $27.64 billion. The estimate points to a change of +29.6% from the year-ago quarter.
Analysts' assessment points toward 'Geographical Revenue by User- US & Canada' reaching $28.05 billion. The estimate indicates a change of +28.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographical Revenue by User- Asia-Pacific' of $12.57 billion. The estimate indicates a change of +22.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Advertising Revenue- Rest of the World' should come in at $8.30 billion. The estimate indicates a year-over-year change of +24.7%.
The average prediction of analysts places 'Geographical Revenue by User- Rest of World' at $8.80 billion. The estimate points to a change of +26.6% from the year-ago quarter.
The consensus among analysts is that 'Advertising Revenue- Europe' will reach $14.81 billion. The estimate indicates a change of +22.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Headcount' will likely reach 69,873 . The estimate compares to the year-ago value of 78,450 .
Analysts forecast 'Family daily active people (DAP)' to reach $3.65 billion. Compared to the current estimate, the company reported $3.54 billion in the same quarter of the previous year.
Over the past month, shares of Meta Platforms have returned +8% versus the Zacks S&P 500 composite's +2.4% change. Currently, META carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Meta Platforms (META) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
In its upcoming report, Meta Platforms (META - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $6.67 per share, reflecting a decline of 8% compared to the same period last year. Revenues are forecasted to be $63.18 billion, representing a year-over-year increase of 23.3%.
The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Meta Platforms metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Advertising' should arrive at $61.81 billion. The estimate indicates a year-over-year change of +23.4%.
Analysts predict that the 'Revenue- Other' will reach $1.13 billion. The estimate points to a change of +63.3% from the year-ago quarter.
The consensus estimate for 'Revenue- Family of Apps (FoA)' stands at $62.87 billion. The estimate indicates a year-over-year change of +23.8%.
It is projected by analysts that the 'Revenue- Reality Labs' will reach $454.08 million. The estimate points to a change of -3.4% from the year-ago quarter.
Analysts expect 'Advertising Revenue- US & Canada' to come in at $27.64 billion. The estimate points to a change of +29.6% from the year-ago quarter.
Analysts' assessment points toward 'Geographical Revenue by User- US & Canada' reaching $28.05 billion. The estimate indicates a change of +28.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographical Revenue by User- Asia-Pacific' of $12.57 billion. The estimate indicates a change of +22.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Advertising Revenue- Rest of the World' should come in at $8.30 billion. The estimate indicates a year-over-year change of +24.7%.
The average prediction of analysts places 'Geographical Revenue by User- Rest of World' at $8.80 billion. The estimate points to a change of +26.6% from the year-ago quarter.
The consensus among analysts is that 'Advertising Revenue- Europe' will reach $14.81 billion. The estimate indicates a change of +22.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Headcount' will likely reach 69,873 . The estimate compares to the year-ago value of 78,450 .
Analysts forecast 'Family daily active people (DAP)' to reach $3.65 billion. Compared to the current estimate, the company reported $3.54 billion in the same quarter of the previous year.
View all Key Company Metrics for Meta Platforms here>>>Over the past month, shares of Meta Platforms have returned +8% versus the Zacks S&P 500 composite's +2.4% change. Currently, META carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .