Meta & Netflix Face Post-Earnings Pressure: A Buying Opportunity? [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
We've heard from several market heavyweights, including Meta Platforms META and Netflix NFLX. Shares of each faced selling pressure post-earnings, erasing a chunk of the year-to-date gains we've seen from each stock. It raises a valid question – is the selling overdone, or is this a rich opportunity for investors? Let's take a closer look at each company's quarterly release. Netflix Concerning headline figures, Netflix posted a 17% beat relative to the Zacks Consensus EPS estimate and posted sales modestly ahead of the consensus, with both items showing considerable growth from the year-ago periods. Image Source: Zacks Investment Research Total subscribers were reported at 269.6 million, reflecting a 16% jump year-over-year. Still, the real surprise in the quarterly release was that the company will no longer report quarterly membership numbers starting next year in 2025 Q1, likely explaining the knee-jerk reaction post-earnings. Nonetheless, Netflix enjoyed a solid quarte
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News
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- Democratic officials criticize Meta ad policy, saying it amplifies lies about 2020 election [FOX News]FOX News
- Metro warns of widespread delays as bus drivers angered by violence threaten “sick out” [Los Angeles Times (CA)]Los Angeles Times
- Here's Why These Tech ETFs Are Worth Buying Now [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form PX14A6G
- META's page on the SEC website