What To Expect From Meta Platforms In Q2?

Meta Platforms (NASDAQ: META) is scheduled to report its fiscal Q2 2023 results on Wednesday, July 26, 2023. We expect the stock to beat the consensus estimates of earnings and revenues. The company outperformed expectations in the last quarter, with revenues increasing by 3% y-o-y to $28.65 billion. The growth was due to growth in advertising revenues. Further, the daily active users (DAUs) and ad impressions delivered across the META Family of Apps rose by 4% and 26% respectively. However, the positive impact was somewhat offset by a 17% drop in the average price per ad. We expect the same trend to continue in Q2.

Our forecast indicates that Meta Platforms’ valuation is $228 per share, which is 28% below the current market price of around $316. Our interactive dashboard analysis on Meta Platforms’ Earnings Preview has more details.