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Meta Platforms:Quarterly Results/2023 Q4: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q4 (view source)
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=== Analysts' Estimates === | |||
==== Seeking Alpha ==== | |||
{| class="wikitable" | |||
|+ | |||
!Key Items | |||
!Q4 2023<ref name=":0">https://seekingalpha.com/symbol/META/earnings/estimates?period=quarterly</ref> | |||
!Y/Y Growth | |||
!Up Revisions | |||
!Down Revisions | |||
!Q1 2024<ref name=":0" /> | |||
!Y/Y Growth | |||
!FY24<ref>https://seekingalpha.com/symbol/META/earnings/estimates?period=annual</ref> | |||
|- | |||
|Revenue | |||
|$39.09 billion | |||
|21.5% | |||
|23 | |||
|14 | |||
|$33.8 billion | |||
|18.0% | |||
|$151.0 billion | |||
|- | |||
|EPS | |||
|$4.99 | |||
|183.6% | |||
|21 | |||
|16 | |||
|$3.67 | |||
|66.6% | |||
|$17.63 | |||
|} | |} | ||
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* "First, FY24 consensus revenue growth of 13% appears conservative against our expected 22% exit rate, considering drivers including improved monetization in Reels and FB Shops, and increased demand from Chinese e-commerce advertisers," Mizuho analysts said. "Lastly, we view Messaging as an attractive optionality, and we estimate WhatsApp could incrementally increase Meta’s revenue base by a third over time using AI to automate customer service," they added<ref>https://www.investing.com/news/stock-market-news/mizuho-deep-dive-suggests-meta-platforms-upside-in-2024-432SI-3271393</ref>. | * "First, FY24 consensus revenue growth of 13% appears conservative against our expected 22% exit rate, considering drivers including improved monetization in Reels and FB Shops, and increased demand from Chinese e-commerce advertisers," Mizuho analysts said. "Lastly, we view Messaging as an attractive optionality, and we estimate WhatsApp could incrementally increase Meta’s revenue base by a third over time using AI to automate customer service," they added<ref>https://www.investing.com/news/stock-market-news/mizuho-deep-dive-suggests-meta-platforms-upside-in-2024-432SI-3271393</ref>. | ||
=== Q4 was Meta's revenue peak === | |||
* Proactive Investors expects Q4 to have been Meta's revenue growth peak but thinks that it can overcome deceleration in 2024.<ref name=":1">https://ca.investing.com/news/stock-market-news/meta-in-solid-position-ahead-of-expected-revenue-deceleration-in-2024-analysts-3241056</ref> | |||
* “Bulls suggest 2024 revenue will beat estimates and deceleration is expected/priced in the multiple, while bears may prefer perceived acceleration stocks with easier comparisons, including Pinterest (NYSE:PINS) and Snapchat,” the BoA analysts wrote<ref name=":1" />. | |||
== References == | == References == | ||