Meta Platforms ( META ) is scheduled to report earnings on Wednesday | Coys Information


Meta Platforms (NASDAQ:META – Get Score ) will announce its earnings outcomes after the market closes on Wednesday, February 1st. Analysts anticipate the corporate to put up earnings of $2.12 per share for the quarter. Anybody keen on registering for the corporate’s earnings convention name can achieve this utilizing this hyperlink.

Meta Platforms (NASDAQ:META – Get Score ) final launched its quarterly earnings information on Wednesday, October twenty sixth. The social media firm reported $1.64 earnings per share for the quarter, lacking the consensus estimate of $1.88 by ($0.24). The enterprise had income of $27.71 billion in the course of the quarter, in comparison with analyst estimates of $27.40 billion. Meta Platforms had a web margin of 24.41% and a return on fairness of 23.16%. On common, analysts anticipate Meta Platforms to put up $9 for the present fiscal yr and $8 for the following fiscal yr.

Efficiency of meta platform shares

NASDAQ:META opened at $143.14 on Wednesday. The inventory’s 50-day easy shifting common is $121.83, and its 200-day easy shifting common is $138.61. The agency has a market cap of $379.54 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of two.16 and a beta of 1.17. Meta Platforms has a twelve month low of $88.09 and a twelve month excessive of $328.00. The corporate has a fast ratio of two.57, a present ratio of two.57, and a debt-to-equity ratio of 0.08.

Analysts on Wall Avenue are forecasting a rise

Numerous equities analysts not too long ago issued reviews on the inventory. Wells Fargo & Firm decreased their worth goal on shares of Meta Platforms from $275.00 to $165.00 in a analysis report on Thursday, October twenty seventh. Truist Monetary decreased their worth goal on shares of Meta Platforms from $240.00 to $160.00 and set a “purchase” ranking for the corporate in a analysis report on Thursday, October twenty seventh. Canaccord Genuity Group lowered their worth goal on shares of Meta Platforms from $250.00 to $200.00 and set a “purchase” ranking for the corporate in a analysis report on Thursday, October twenty seventh. Canaccord Genuity Group decreased their worth goal on shares of Meta Platforms from $200.00 to $170.00 in a analysis report on Thursday, November tenth. Lastly, Mizuho boosted their worth goal on shares of Meta Platforms from $160.00 to $170.00 and gave the inventory a “purchase” ranking in a analysis report on Thursday, January fifth. Three analysis analysts have rated the inventory with a promote ranking, seventeen have issued a maintain ranking, thirty-three have issued a purchase ranking and one has issued a powerful purchase ranking to the inventory. Meta Platforms has a median ranking of “Reasonable Purchase” and a median worth goal of $171.67, in response to MarketBeat.

Insider exercise at Meta platforms

In associated information, insider Jennifer Newstead bought 342 shares of the corporate’s inventory in a transaction dated Wednesday, January 18th. The shares have been bought at a median worth of $135.71, for a complete transaction of $46,412.82. Following the transaction, the insider now immediately owns 24,793 shares of the corporate’s inventory, valued at $3,364,658.03. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which may be accessed by the SEC web site. In associated information, CTO Andrew Bosworth bought 11,718 shares of the corporate’s inventory in a transaction dated Tuesday, November fifteenth. The shares have been bought at a median worth of $114.22, for a complete transaction of $1,338,429.96. Following the completion of the sale, the chief expertise officer now owns 11,913 shares within the firm, valued at $1,360,702.86. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Additionally, insider Jennifer Newstead bought 342 shares of the corporate’s inventory in a transaction dated Wednesday, January 18th. The shares have been bought at a median worth of $135.71, for a complete transaction of $46,412.82. Following the sale, the insider now owns 24,793 shares of the corporate’s inventory, valued at roughly $3,364,658.03. The disclosure for this sale may be discovered right here. Insiders have bought 39,322 shares of firm inventory value $4,497,210 during the last ninety days. Company insiders personal 14.03% of the corporate’s shares.

Institutional buying and selling of meta platforms

Numerous massive traders have not too long ago added to or decreased their stakes in META. Fairfield Bush & CO. acquired a brand new stake in Meta Platforms within the 1st quarter value roughly $66,000. EJF Capital LLC bought a brand new place in shares of Meta Platforms within the 1st quarter value roughly $222,000. Vista Funding Administration boosted its stake in Meta Platforms by 37.4% within the first quarter. Vista Funding Administration now owns 1,451 shares of the social networking firm’s inventory value $323,000 after shopping for a further 395 shares within the final quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Meta Platforms by 22.8% within the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 1,602 shares of the social networking firm’s inventory value $356,000 after shopping for a further 297 shares within the final quarter. Lastly, Studio Funding Administration LLC boosted its stake in shares of Meta Platforms by 40.7% within the first quarter. Studio Funding Administration LLC now owns 1,783 shares of the social networking firm’s inventory value $396,000 after buying a further 516 shares within the final quarter. Hedge funds and different institutional traders personal 60.92% of the corporate’s shares.

Meta Platforms Firm Profile

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Meta Platforms, Inc develops merchandise that allow individuals to attach and share with family and friends by cell units, private computer systems, digital actuality headsets, wearables and residential units all over the world. It operates in two segments, Household of Apps and Actuality Labs. Household of Apps section merchandise embrace Fb, which allows individuals to share, uncover and join with pursuits; Instagram, a neighborhood for sharing pictures, movies and personal messages, in addition to feeds, tales, films, movies, stay and outlets; Messenger, a messaging app for individuals to attach with mates, household, teams and companies throughout platforms and units by chat, audio and video calls and cameras; and WhatsApp, a messaging app that’s utilized by individuals and companies to speak and transact privately.

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Earnings History for Meta Platforms (NASDAQ:META)

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