Meta Stock: What Wall Street Expects from Earnings Today
Photo: CoinCentral
TLDR Meta reports Q3 earnings after the close Wednesday. Options traders see a move of up to 6% either way. Analysts expect revenue of about $63 billion, up 24%, and Meta has beaten revenue estimates 16 quarters in a row. A $10 billion legal charge and capex of up to $145 billion are pressuring profits. The Muse AI agent has over 3 million daily users, but that is under 0.1% of Meta’s user base. 18 of 19 analysts rate the stock a buy, with a mean target of $881. Meta Platforms (META) reports third-quarter earnings after the close today.
Source: CoinCentral
