Meta Platforms‘ META fourth-quarter 2024 outcomes, set to be reported on Jan. 29, are anticipated to mirror the advantages of upper promoting revenues.
Discover the most recent EPS estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for Meta Platforms’ fourth-quarter promoting revenues is pegged at $45.43 billion, indicating development of 17.4% yr over yr.
We consider larger advert revenues will assist META shares to maneuver larger submit fourth-quarter 2024 earnings launch regardless of considerations over the monetization of its AI providers and rising regulatory headwinds, notably in Europe.
Meta Platforms, Inc. Income (TTM)
Meta Platforms, Inc. revenue-ttm | Meta Platforms, Inc. Quote
Click here to find out how Meta Platforms’ general fourth-quarter efficiency is more likely to be.
META’s This autumn Estimates Reveals Upward Development
The Zacks Consensus Estimate for META’s fourth-quarter earnings is pegged at $6.90 per share, up 2.07% over the previous 30 days, indicating 29.46% year-over-year development.
Meta Platforms’ earnings beat the Zacks Consensus Estimate in all of the trailing 4 quarters, the typical shock being 11.34%.
The consensus estimate for fourth-quarter revenues is at present pegged at $46.97 billion, indicating development of 17.09% from the determine reported within the year-ago quarter.
Sturdy Advert Income Progress to Help META’s This autumn High Line
META’s staggering attain and growing advert impressions (up 7% yr over yr within the third quarter of 2024) make it one of the crucial essential gamers within the digital advert gross sales market aside from Alphabet.
Meta Platforms’ concentrate on enhancing advert rating and measurement by leveraging AI has been a key catalyst driving advertisers’ return on funding.
The Zacks Consensus Estimate for promoting revenues in Asia-Pacific is pegged at $8.87 billion, indicating development of 21.2% within the fourth quarter of 2024.
The consensus mark for promoting revenues in Europe, the USA and Canada, and the Remainder of the World is pegged at $10.791 billion, $20.845 billion and $5.317 billion, respectively, indicating 17.8%, 17.2% and 19.5% development.
META has been leveraging AI and machine studying to spice up the efficiency of WhatsApp, Instagram, Fb and Threads. Efficient utilization of AI has been serving to the corporate preserve its customers engaged. AI-driven feed suggestions have been a key catalyst.
Meta Platforms is dedicated to prioritizing consumer security and well-being via initiatives to boost parental supervision, messaging privateness and time administration on its platforms. These elements are anticipated to have pushed consumer base development within the fourth quarter of 2024.
The consensus mark for Household Each day Lively Folks or DAP, outlined as a registered and logged-in consumer who visited no less than one of many Household merchandise (Fb, Instagram, Messenger or WhatsApp) on a given day, is predicted to be 3.33 billion for the fourth quarter of 2024.
What Our Mannequin Says
In line with the Zacks mannequin, the mix of a constructive Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the percentages of an earnings beat. That’s the actual case right here.
META at present has an Earnings ESP of +6.74% and a Zacks Rank #3. You possibly can uncover one of the best shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Different Shares to Think about
Listed below are another corporations price contemplating, as our mannequin reveals that these, too, have the best mixture of parts to beat on earnings of their upcoming releases:
BILL Holdings BILL presently has an Earnings ESP of +29.71% and a Zacks Rank #1. You possibly can see the complete list of today’s Zacks #1 Rank stocks here.
BILL Holdings’ shares have returned 16.2% within the trailing 12-month interval. BILL is ready to report its second-quarter fiscal 2025 outcomes on Feb. 6.
ServiceNow NOW has an Earnings ESP of +0.91% and a Zacks Rank of two at current.
ServiceNow shares have gained 45.1% within the trailing 12-month interval. NOW is ready to report its fourth-quarter 2024 outcomes on Jan. 29.
DoorDash DASH at present has an Earnings ESP of +35.67% and a Zacks Rank #2.
DASH shares have surged 65.2% within the trailing 12-month interval. DASH is ready to report its fourth-quarter 2024 outcomes on Feb.11.
5 Shares Set to Double
Every was handpicked by a Zacks knowledgeable because the #1 favourite inventory to realize +100% or extra in 2024. Whereas not all picks could be winners, earlier suggestions have soared +143.0%, +175.9%, +498.3% and +673.0%.
Many of the shares on this report are flying underneath Wall Road radar, which supplies an important alternative to get in on the bottom ground.
Today, See These 5 Potential Home Runs >>
ServiceNow, Inc. (NOW) : Free Stock Analysis Report
BILL Holdings, Inc. (BILL) : Free Stock Analysis Report
DoorDash, Inc. (DASH) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
