Meta's First-Quarter Revenue Outlook Surges amidst Dow Jones Volatility
WEB Metas Consensus First-Quarter Revenue Estimate
WEB Metas consensus first-quarter revenue estimate is 3612 billion, according to Refinitiv data. This estimate represents a significant jump from the previous quarter's revenue of $27.91 billion. The projected revenue growth is attributed to the company's expanding advertising business and the increasing popularity of its social media platforms.
Dow Jones Futures Await Earnings Wave
-413 Dow Jones Futures Await Huge Earnings Wave After Nvidia Super Micro Dive. The Dow Jones Industrial Average futures are down by over 400 points this morning as investors brace for a wave of earnings reports from major companies. Nvidia and Super Micro have both reported disappointing results, which has weighed on the markets. Investors will be looking to see if other companies follow suit or if they can provide some positive surprises.
Meta Platforms Inc Stock News
WEB Find the latest Meta Platforms Inc META stock quote history news and other vital information to help you with your stock trading and investing. Meta Platforms Inc is a social media and technology company that owns Facebook, Instagram, WhatsApp, and Messenger. The company has a large and active user base, which makes it a valuable advertising platform. Investors will be watching closely to see how Meta Platforms Inc performs in the coming quarters as it faces increasing competition from other social media companies.
Meta Platforms Inc Earnings Expectations
WEB Analysts expect Meta Platforms Inc To post adjusted earnings per share for the first quarter thats nearly double what the company reported in the same period last year. The consensus EPS estimate is $2.54, up from $1.32 in the first quarter of 2022. This growth is expected to be driven by strong advertising revenue and the continued growth of its user base. Investors will be looking to see if Meta Platforms Inc can meet or exceed these expectations when it reports earnings later this month.
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