Meta Platforms Q2 Earnings Preview: AI In Focus As 'Advertisers Spend On The Best Digital Channels — Including Meta,' Analyst Says
Portfolio Pulse from Chris Katje
Meta Platforms is set to report its Q2 earnings on July 31, with analysts focusing on AI advancements and advertising spending. Revenue is estimated at $38.3 billion, up from $32.0 billion last year, and EPS is expected to be $4.73, up from $2.98. Analysts have mixed sentiments, but many maintain an Outperform rating with high price targets. Key items to watch include AI strategy, advertising rates, and potential increases in expenses.
July 30, 2024 | 4:24 pm
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Meta Platforms is expected to report strong Q2 earnings with revenue estimated at $38.3 billion and EPS at $4.73. Analysts are focusing on AI advancements and advertising spending. Mixed sentiments but high price targets suggest potential short-term gains.
Meta's strong revenue and EPS estimates, along with positive trends in AI and advertising, suggest potential short-term gains. Mixed analyst sentiments are balanced by high price targets, indicating overall positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100