With one of the world's biggest innovators about to release its second-quarter earnings report on Wednesday, traders from opposing sides will eagerly await the results. Wall Street analysts are looking for social media giant and tech juggernaut Meta Platforms Inc. (NASDAQ:META) to deliver earnings per share (EPS) of $5.86 on revenue of $44.58 billion. Expectations have risen from the prior year, when Meta posted EPS of $5.16 on sales of $39.07 billion.
On the surface, Meta would seem to have momentum working in its favor. The last time the company failed to meet expectations for the bottom line was in February 2023. Furthermore, the last time Meta could not hit analysts' consensus targets on both earnings and sales was in the second quarter of 2022.
