Meta Q3 2023 Earnings Preview: Grab rewards by guessing the opening price!
Meta is releasing its Q3 2023 earnings on October 25, after the U.S. stock market close.
How will the market react to the company's quarterly results? Vote your answer to participate!
Rewards
● An equal share of 1,000 points: For mooers who correctly guess the price range of $Meta Platforms(META.US$'s opening price at 9:30 AM ET Oct 26 (e.g., If 50 mooers make a correct guess, each of them will get 20 points.)
(Vote will close on 8:00 AM ET Oct 26)
● Exclusive 300 points: For the writer of the top post on analyzing Meta's earnings prospects.
To view the full preview, click here: What Should Investors Know About Upcoming Meta Earnings?
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
Book the Live Earnings Conference:
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ZnWC : Share price change in post market: +3%
Based on IG, a consensus of estimates the following expectations for the third quarter (Q3) 2023 Meta results:
Revenue $33.566bn (+21.11% y/y)
Earnings per share (EPS) of $3.63 (+221.34% y/y)
Meta Platforms dominates the social media landscape with its app family, including Facebook, Instagram, WhatsApp, and the newly launched Threads. The company generates most of its revenue from selling ads to brands that target its vast user base. According to Statista's Market Insights, ad spending on social media is projected to increase from $146 billion to $262 billion by 2028, representing a 79% growth over the next five years.
Meta Platforms is also leveraging artificial intelligence to enhance user engagement and improve advertising capabilities. For instance, the company has developed photo-realistic chatbots modelled after celebrities, such as Kendall Jenner. Advertisers are also being provided with tools to create and optimise their ads more effectively. Meta Platforms believes that these AI tools can save advertisers a significant amount of time and effort.
Based on the above I think the stock will be bullish after earning announcement. But there are macroeconomics factors such as inflation, Fed rate hike and strong US dollars that may have negative market sentiment.
moomooZeski : Survey says....?! $Meta Platforms (META.US)$ = $318.55 (opening} on 10/26/2023.
102362254 : Meta's got a rock-solid advantage thanks to tons of users on Facebook, Instagram, Messenger, and WhatsApp. More people join, and it's like building a castle that's hard for rivals to storm.
Plus, they have got a treasure trove of data on what users like and do, which helps them make big bucks from ads. With almost 3 billion folks using it monthly, they're set for making money for a long, long time, not just for Meta Q3 2023 earnings.
SWC138 70668408 : Meta$ $319
yuenet : Good company
殷勤的万斯 : vistas
ctsp : Yes
SuperNoobPaPa : 317.80 based on pre-opening price.
Built : 320 above
Tashan Jones :
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