Morning Bid: Meta plunges, mega mining merger revealed
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April 25, 2024 8:24 AM EDT
Following Meta Platforms (NASDAQ: META) latest earnings release, analysts at Needham & Company questioned the reasons to buy the stock now, as its return on invested capitals (ROIC) decline.
Meta's Q1 EPS of $4.71 was $0.39 better than the analyst estimate of $4.32 per share. The company's revenue for the quarter, $36.46 billion, also exceeded the consensus estimate of $36.14 billion, further highlighting its strong financial... More
April 25, 2024 7:25 AM EDT
Following the Meta Platforms (NASDAQ: META) earnings report after the close on Wednesday, analysts have weighed in with their views of the company's stock.
Meta's Q1 EPS of $4.71 was $0.39 better than the analyst estimate of $4.32. The company's revenue for the quarter, $36.46 billion, also exceeded the consensus estimate of $36.14 billion, further highlighting its strong financial standing.
Here's what Wall Street analysts said:
Wolfe Research: "META's 1Q results came in above street estimates on both top and bottom line. 2Q guide implies slight top-line decel with increased FY24 Opex/Capex... More
