Meta Platforms Q2 2022 Earnings Preview - Betting the % change in closing price to win!
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Place your Bet on Meta's percentage change in closing price (e.g.+3%) of July 28 ET by 3:00 PM, July 28 ET. The mooer with the closest bet will win 300 points!
Place your Bet on Meta's percentage change in closing price (e.g.+3%) of July 28 ET by 3:00 PM, July 28 ET. The mooer with the closest bet will win 300 points!
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The 10th, 20th, 30th and so on mooers to comment will get 30 points.
Dear mooers,
The 10th, 20th, 30th and so on mooers to comment will get 30 points.
Dear mooers,
Meta's second-quarter 2022 Earnings Conference Call is to be released on July 27 after the U.S. markets close! The consensus estimate for revenue is expected at $29.03 billion, almost the same with one year ago. The EPS is estimated at $2.61 for this quarter.
Meta's stock price has dropped about 50% this year, taking the lead of the Big Tech in US Markets. Due to negative macrotrends, like the inflation and potential recession, advertisers have the wiling to shrink their expenditures, which in turn has a negative impact on Meta's growth.
Besides, Meta is facing fierce competition from TikTok and Snapchat in the advertising space now. The latter one, Snapchat, now reaches three quarters of the 13-34-year-old population of the US, making it more popular than Meta’s Instagram in this demography.
To reverse the situation, Meta might slow down its investments in some Reality Labs, which were costing the company's capital and raise a new expense plan in the remainder 2022 to improve the profit since its primary revenue source has been threatening.
Therefore, the upcoming earnings results might offer more explanations and create more trading opportunities!
Notice:
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Meta Q2 2022 Earnings Conference Call
Meta Q2 2022 Earnings Conference Call
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