Meta Earnings Estimates

Meta Platforms' Q1 Earnings: Analysts Anticipate Strong Performance

Key Financial Projections

Analysts are optimistic about Meta Platforms' (META) first-quarter earnings, anticipating revenue and earnings per share (EPS) growth. According to estimates, the company is expected to report EPS of 430 and revenue of $36.1 billion for Q1 2023.

These projections indicate a significant increase compared to the year-ago quarter. In Q1 2022, META reported EPS of 362.2 billion, representing a 26.4% increase. The consensus EPS estimate for 2023 is 481.07, suggesting a potential 11.8% growth year-over-year.

Full-Year Outlook

For the full year ending in December, analysts forecast META's earnings to rise by 3.5% year-over-year to $20.07 per share. This aligns with the company's expectations of continued growth despite macroeconomic challenges.

Full-year revenue is projected to reach $158.48 billion, up 1.6% from 2022. This modest growth is attributed to factors such as increased competition in the advertising market and ongoing regulatory scrutiny.

META's stock closed at $173.20 on April 19, 2023, at 4:00 PM EDT. The company's earnings report is scheduled for release on April 26, 2023, after market close.