Meta Q1 earnings preview: Ad growth and AI are front and center [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Shares of Meta have been on a tear, climbing 116% over the last 12 months and more than 45% year to date. That's far better than chief rival Google ( GOOG GOOGL ) which is up 45% in the last 12 months and 16% year to date. While part of Meta's stock performance has to do with a recovery in the digital advertising market, the company's stock price truly rocketed higher last quarter after the social media company announced it was initiating a $0.50 per share dividend and increased its stock buyback authorization by $50 billion. For the first quarter, Wall Street is expecting Meta to report earnings per share of $4.30 on revenue of $36.1 billion, according to analysts' estimates compiled by Bloomberg. That would mark another huge jump in EPS and revenue from the same quarter last year when the company reported earnings of $2.20 on revenue of $28.6 billion. But JPMorgan Securities analyst Doug Anmuth says Meta's growth spike could face trouble in the coming months. “There is growi
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META
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