• Meta Platforms Inc META.OQ reported quarterly adjusted earnings of $6.43​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $4.71. The mean expectation of forty five analysts for the quarter was for earnings of $5.28 per share. Wall Street expected results to range from $4.78 to $6.34 per share.

• Revenue rose 16.1% to $42.31 billion from a year ago; analysts expected $41.40 billion.

• Meta Platforms Inc's reported EPS for the quarter was $6.43​.

• The company reported quarterly net income of $16.64 billion.

• Meta Platforms Inc shares had fallen by 3.8% this quarter and lost 5.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 65 "strong buy" or "buy," 6 "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 $685.00

This summary was machine generated from LSEG data April 30 at 09:01 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)