Meta Platforms Inc(META, Financial) is set to release its Q2 2024 earnings on July 31, 2024. The consensus estimate for Q2 2024 revenue is $38,286.20 million, and the earnings are expected to come in at $4.71 per share. The full year 2024's revenue is expected to be $159,032.17 million and the earnings are expected to be $20.19 per share. More detailed estimate data can be found here.
Meta Platforms Inc(META, Financial) Estimate Trends
Revenue estimates for Meta Platforms Inc(META) have increased from $158,835.88 million to $159,032.17 million for the full year 2024, and from $179,260.89 million to $179,430.73 million for 2025 over the past 90 days.
Earnings estimates for Meta Platforms Inc(META, Financial) have increased from $20.09 per share to $20.19 per share for the full year 2024 and remained flat at $23.09 per share for 2025 over the past 90 days.
Meta Platforms Inc(META, Financial) Reported History
In the previous quarter of March 31, 2024, Meta Platforms Inc(META)'s actual revenue was $36,455 million, which beat analysts' revenue expectations of $36,165.44 million by 0.8%. Meta Platforms Inc(META)'s actual earnings were $4.71 per share, which beat analysts' earnings expectations of $4.33 per share by 8.85%. After releasing the results, Meta Platforms Inc(META) was down by -10.56% in one day.
Meta Platforms Inc(META, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 52 analysts, the average target price for Meta Platforms Inc(META) is $530.03 with a high estimate of $634 and a low estimate of $260. The average target implies an upside of 14.43% from the current price of $463.19.
Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc(META, Financial) in one year is $425.01, suggesting a downside of -8.24% from the current price of $463.19.
Based on the consensus recommendation from 62 brokerage firms, Meta Platforms Inc(META, Financial)'s average brokerage recommendation is currently 1.8, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
