Meta: It’s a Meta (matter) of time for outperformance!
(Apologies Tigers! I was away for a work trip last week and was not able to post any article. 1Q earnings season is here and I will do my best to take time from my busy work schedule to update on Companies and my view!)
META will be reporting its earnings next Wednesday 26 April and I am really excited and looking forward to the Company's 1Q23 performance and outlook!
Meta share price has been up 82% year-to-date, and its primarily driven by cost cutting news. I believe for the next leg of growth from $200 to $300, it will be driven by top-line re-acceleration which will come from the base business improving, AI investments and Advantage+, Reels, and Click-to-Message.
For 1Q23 specifically, investors are most likely expecting revenue of $28B+ (at least flat on a reported basis; +LSD% FXN) with sequential improvement into the second quarter. As for expenses, Meta has already revised down its outlook by $3B in mid-March, so it is unlikely to see another significant revision with earnings. However, Capex guidance midpoint could come down from the current $30B-$33B guide.
Overall, I am quite bullish on META and believe that it has the potential for significant growth in the coming years! Stay tuned tonight!
Modify on 2023-04-20 08:45
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Help needed
All the negativity is unnecessary. 2023 is Meta’s comeback year. The scare tactics are NOT working. This company is innovating, adapting, and growing!!!!
Stock trading all week like earnings will be great next week. Back to $300
So glad this isn’t running up into earnings! Once they beat this will be up 20-30 points like last report!
Meta 210 but after lays offs it’ll bounce back to 225!
Loading up time for META...BUY BUY...