Meta Platforms Inc reports results for the quarter ended December 31 - Earnings Summary

• Meta Platforms Inc META.OQ reported quarterly adjusted earnings of $8.02​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $5.33. The mean expectation of forty seven analysts for the quarter was for earnings of $6.77 per share. Wall Street expected results to range from $6.15 to $7.29 per share.

• Revenue rose 20.6% to $48.39 billion from a year ago; analysts expected $47.04 billion.

• Meta Platforms Inc's reported EPS for the quarter was $8.02​.

• The company reported quarterly net income of $20.84 billion.

• Meta Platforms Inc shares had risen by 15.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.8% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 62 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Meta Platforms Inc is $675.00

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)