Meta Platforms Q2 Earnings Preview: Earnings Estimates, What Analysts Are Saying, Key Factors To Watch (Including AI)
Portfolio Pulse from Chris Katje
Meta Platforms is set to report Q2 financial results, with analysts expecting revenue of $31.12 billion and earnings per share of $2.91. The company's guidance calls for Q2 revenue in a range of $29.5 billion to $32 billion. Analysts are watching the company's artificial intelligence initiatives and the growth of its Reels feature. Advertising revenue, particularly in relation to rivals Microsoft and Alphabet, will also be a key focus. Meta Platforms shares are trading higher at $300.72.
July 26, 2023 | 3:04 pm
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Alphabet reported higher revenue from Google Search and YouTube than the previous year.
The increase in revenue from Google Search and YouTube indicates a positive trend for Alphabet, which could impact its stock positively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet reported higher revenue from Google Search and YouTube than the previous year.
The increase in revenue from Google Search and YouTube indicates a positive trend for Alphabet, which could impact its stock positively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Meta Platforms is expected to report Q2 revenue of $31.12 billion and EPS of $2.91. The company's AI initiatives and Reels growth are key factors to watch.
The expected revenue and EPS indicate a positive outlook for Meta Platforms. The company's focus on AI and Reels growth could drive future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microsoft reported an 8% YoY increase in search and news advertising revenue in Q4.
The increase in advertising revenue indicates a positive trend for Microsoft, which could impact its stock positively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50