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Meta stock earnings date11/8/2023 You probably don’t want to miss out on the potential gains, so buy a few shares of META stock before July 25. With the upcoming earnings release, Meta Platforms might give enthusiastic financial traders an excuse to push the share price up. At the very least, Meta Platforms should generate substantial revenue from the Threads app. Meta Platforms will, most likely, continue to punish the short-sellers and prove the skeptics wrong. All in all, Threads could prove to be a money-printing machine Evercore ISI analyst Mark Mahaney anticipates that the platform could provide roughly $8 billion in revenue per year during the next two years. This is big news for Meta Platforms stock investors. Meta Platforms will leverage the popularity of Instagram to boost Threads’ revenue-generating possibilities.Īccording to Axios (via Reuters), Instagram plans to “ bring its branded content tools to Threads.” These tools are intended to “help marketers collaborate with influencers on paid partnerships” on Threads “while advertising is unavailable.” The Journal reported, “Third-party estimates suggest people have been switching to” Threads from Twitter. Threads quickly reached 100 million sign-ups, according to The Wall Street Journal. Twitter owner Elon Musk probably won’t admit this, but Threads is already posing a major threat to Twitter. Veering away from earnings for a moment, we can’t ignore the elephant in the room: Meta Platforms’ early success with short-message posting platform Threads. Meta Platforms Makes a Splash With Threads An earnings beat, or even in-line results, could easily send the Meta Platforms share price much higher. The market is in a bullish mood now, and financial traders are clearly looking for an excuse to invest in Meta Platforms. Certainly, enthusiasm over artificial intelligence ( AI) and Meta Platforms’ virtual reality ( VR) headsets has been a contributing factor. META stock has doubled since the end of January. There’s a lesson here: The old rules don’t apply in 2023. This disappointing result should have prompted a share-price selloff, right? Wall Street expected Meta Platforms to have earned $2.26 per share, but the company delivered a big miss with $1.76 per share. 31, when Meta Platforms released its fourth-quarter 2022 results. Analysts expect the company, which owns Facebook and Instagram, to have earned $2.89 per share during the quarter. Meta Platforms will announce its second-quarter 2023 financial results on July 25.
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