Meta Platforms (NASDAQ: META) is scheduled to reveal its financial results for the second quarter on Wednesday 31st July 2024. This disclosure will take place after market close, providing investors with significant information regarding the company’s performance in the last three months period.
As per the projections made by financial experts on Wall Street, the company is expected to announce an estimated $4.73 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $38.31 billion.
Wall Street analysts have revealed their forecasts for the company’s annual performance, predicting a total revenue of $159.03 billion. Additionally, they expect the company to report per share profit of $20.24 for the fiscal year.
During the same quarter of the previous year, the company made public its income of $2.98 per share, which were derived from a quarterly revenue of $32 billion.
| Period | EPS Actual |
EPS YoY Growth |
REV Actual |
REV YoY Growth |
|---|---|---|---|---|
| Q1 2024 | $4.71 | +114.1% | 36.46 B | +27.3% |
| Q4 2023 | $5.33 | +202.8% | 40.11 B | +24.7% |
| Q3 2023 | $4.39 | +167.7% | 34.15 B | +23.2% |
| Q2 2023 | $2.98 | +21.1% | 32.00 B | +11.0% |
Meta Platforms (NASDAQ: META) saw a 0.70 percent growth during the regular trading session on Tuesday 30th July 2024, touching $468.98, A trading volume of 398.40 thousand shares were exchanged. META shares has been trading between $466.23 and $469.60 so far, META had concluded prior day trading at $465.71.
