Meta Platforms Inc. (META) will report its first-quarter financial results on Wednesday, April 24, after market close. Analysts expect the company to report revenue of $36.16 billion, according to data from Benzinga Pro. This represents an increase from the $28.65 billion in revenue reported in the first quarter of last year. Meta Platforms has consistently beaten revenue estimates from analysts in the past six quarters.
Analysts also expect Meta Platforms to report earnings per share of $4.32 in the first quarter, compared to $2.20 in the same quarter last year. The company has historically exceeded analysts’ estimates for earnings per share in four consecutive quarters.
Roth analyst Rohit Kulkarni expressed caution heading into the earnings report, noting that buyside expectations may be overly ambitious. He highlighted tougher year-over-year comparisons, incremental growth drivers, and the impact of European regulations as key areas of debate among investors.
Benchmark analyst Mark Zgutowicz emphasized the impact of China-based advertisers and Reels monetization as key topics of interest. He also highlighted Meta’s recent advancements in artificial intelligence, particularly with the rollout of Meta AI version 2.
JMP analyst Andrew Boone emphasized the potential of artificial intelligence within Meta’s family of apps. He believes Meta is leveraging user engagement across its platforms to create adjacent services with Meta AI, similar to its launch of Reels for short-form video.
Meta Platforms shares have experienced significant growth in recent months, rising 36% year-to-date and over 130% in the past year. The company’s stock currently trades within a 52-week range of $207.13 to $531.49.
