Company Of The Day: Meta Platforms
What?
Facebook parent Meta Platforms (NASDAQ:META) posted a tough set of Q3 2022 results, with revenue declining by about 4% versus last year to $27.7 billion and earnings falling by almost 50% to $1.64 per share.
Why?
- Meta Platforms Stock Is Up Twice As Much As S&P500, What To Expect From Q2 Results?
- Meta Platforms Stock Dropped 10.6% In A Day, What’s Next?
- Up 36% YTD, What To Expect From Meta Platforms In Q1?
- Up 290% Since The Start Of 2023, Where Is Meta Platforms Stock Headed?
- After More Than 150% YTD Gain, Meta Platforms to Post Mixed Results In Q3
- Meta Platforms Stock Topped The Consensus In Q2, What’s Next?
Meta has been hit by a host of factors including economic headwinds which are impacting ad spending, mounting competition from TikTok, and Apple’s privacy changes to its iOS operating system.
So What?
Meta stock declined by almost 25% on Thursday.
See Our Complete Analysis For Meta
Returns | Oct 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
META Return | -28% | -71% | -15% |
S&P 500 Return | 6% | -20% | 70% |
Trefis Multi-Strategy Portfolio | 4% | -23% | 204% |
[1] Month-to-date and year-to-date as of 10/28/2022
[2] Cumulative total returns since the end of 2016
See all Trefis Price Estimates