Meta Platforms, Inc. 2023/Q3 Earnings Preview
【Forecast Data】
For this quarter, the financial forecast data for Meta Platforms, Inc. is as follows:
- Earnings per share (EPS): $3.63
- Total revenue: $33,556,557,190
- EBIT: $11,330,889,030
Compared to the same period last year:
- EPS has increased by 121.34% (from $1.64)
- Total revenue has increased by 21.08% (from $27,714,000,000)
- EBIT has increased by 99.97% (from $5,664,000,000)
These significant increases in EPS, total revenue, and EBIT indicate a strong financial performance for the company this quarter.
【Quarterly Important News】
Key news related to Meta Platforms over the past quarter include:
1. Meta Platforms introduced temporary measures to limit potentially unwanted or unwelcome comments on posts related to the Israeli-Hamas conflict on Facebook. (source)
2. Meta Platforms announced the launch of broadcast channels on Facebook and Messenger, a feature that allows public posting of personal messages. (source)
3. BofA analyst Justin Post reiterated a Buy rating for Meta Platforms, stating that the company has a good fourth-quarter setup and shares can see renewed enthusiasm on 2024 potential. (source)
【Forecast Viewpoints】
Relevant articles on the company's financial report include:
1. BofA believes Meta Platforms (META) shares can see renewed enthusiasm on 2024 potential
【Stock Trend Analysis】
Over the past quarter, Meta Platforms' stock price has increased by 5.92%. The latest stock price is $308.65 (as of 2023-10-22), with support and resistance levels at $314.68 and $300.08, respectively. Analyst rankings include 19 recommendations, 32 buys, 4 holds, and 2 underperforms. The mean, low, and high target estimates from 49 analysts are $362.29, $100.00, and $435.00, respectively.
【Options Large Order Analysis】
From the perspective of options large orders, there are more put options (bearish) than call options (bullish), which may indicate a higher probability of the financial report falling below expectations.
【Analyst Ratings and Target Price Forecast】
Based on analyst ratings and target prices, Meta Platforms is currently at a standard valuation. The possible results of the financial report are in line with expectations.
【Comprehensive Conclusion】
Meta Platforms, Inc. has shown strong financial performance this quarter, with significant increases in EPS, total revenue, and EBIT. The company's stock price has increased over the past quarter, and analyst ratings suggest a standard valuation. However, the options large order analysis indicates a higher probability of the financial report falling below expectations.
【Disclaimer】
The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
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