"Earnings Estimates: Analysts expect Meta to report third-quarter revenue of $49.37 billion, up from $40.59 billion in last year's third quarter, according to data from Benzinga Pro. The company has beaten analyst estimates for revenue in more than 10 straight quarters. Analysts expect Meta to report third-quarter earnings per share of $6.68, up from $6.03 in last year's third quarter. The company has beaten analyst earnings-per-share estimates for 10 straight quarters."
"Meta Platforms gets a bullish rating from Bank of America Securities analyst Justin Post ahead of quarterly results thanks to the company's expanding AI infrastructure and expected double-digit revenue growth. The analyst maintained a Buy rating and a $900 price target, expecting a strong third quarter, boosted by AI-driven advertising gains. Post said AI-driven ad demand across Facebook, Instagram, Threads and WhatsApp will likely be strong in the quarter. The analyst expects advertising revenue to grow 23% year over year in the third quarter."
Analysts forecast Meta to report third-quarter revenue of $49.37 billion, up from $40.59 billion a year earlier, and earnings per share of $6.68 versus $6.03. The company has beaten revenue estimates for more than ten straight quarters and earnings-per-share estimates for ten straight quarters. Company guidance calls for third-quarter revenue between $47.50 billion and $50.5 billion. Bank of America Securities analyst Justin Post maintained a Buy rating with a $900 price target, citing expanding AI infrastructure and expected double-digit revenue growth. Post projects strong AI-driven ad demand across Meta's platforms and expects advertising revenue to grow 23% year over year, and he highlights ad platform growth, custom silicon, and data center investments as long-term drivers.
Read at Benzinga
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