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Barchart
Barchart
Rashmi Kumari

What You Need to Know Ahead of Meta's Earnings Release

Based in Menlo Park, California, Meta Platforms, Inc. (META) is a global leader in social networking and technology, renowned for its suite of products and services, including Facebook, Instagram, WhatsApp, and Oculus. With a market cap of $1.36 trillion, Meta is recognized for its innovation, engineering excellence, and commitment to connecting people and fostering communities. Meta is scheduled to announce its fiscal Q2 earnings results after the market closes on Wednesday, Jul. 31.

Ahead of the event, analysts expect META to report a profit of $4.68 per share, up 44.9% from $3.23 in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. 

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