Top Wall Street Forecasters Revamp Meta Expectations Ahead Of Q4 Earnings

Core Viewpoint - Meta Platforms, Inc. is expected to report strong fourth-quarter earnings, with analysts predicting earnings per share of $8.18, an increase from $8.02 in the previous year, and quarterly revenue of $58.41 billion, up from $48.38 billion last year [1]. Financial Performance - The anticipated earnings per share for the fourth quarter is $8.18, reflecting a year-over-year increase of 2% from $8.02 [1]. - The consensus estimate for quarterly revenue is $58.41 billion, which represents a 20.5% increase from the $48.38 billion reported in the same quarter last year [1]. - Meta has consistently exceeded analyst revenue estimates for 13 consecutive quarters [1]. Stock Performance - Meta's shares closed at $672.97, showing a slight gain of 0.1% on the previous trading day [2]. Analyst Ratings - Roth Capital analyst maintained a Buy rating but reduced the price target from $845 to $800 [3]. - Keybanc analyst kept an Overweight rating while lowering the price target from $875 to $835 [3]. - Wells Fargo analyst also maintained an Overweight rating, cutting the price target from $795 to $754 [3]. - Stifel analyst held a Buy rating and decreased the price target from $875 to $785 [3]. - Jefferies analyst maintained a Buy rating with a price target of $910 [3].