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Its name is Meta Platforms Inc. For advertising. (formerly Facebook) announced results after the close today. Facebook reached an all-time high of $384.33 per share in 2021 and is currently trading around $322 per share. Stocks are subject to large movements after the release of earnings reports and can easily fluctuate when numbers are high Conversely, if the numbers are disappointing, stocks can easily change. To help you prepare, here's what's on the road for you:
Income Overview:
The company is expected to earn $3.78 per share on revenue of $33.38 billion. Meanwhile, the so-called Whisper Number is earning $3.96 per share. The Whisper Number is an informal income statement.
Focus on the basics :
The company has posted strong double-digit and triple-digit revenue growth over the past four quarters, which is a very good performance, especially for a company of this size. Shareholders are also pleased with the doubling of revenue growth in each of the last four quarters. The company is well positioned for future growth, especially since Alphabet (Google's parent company) just closed after announcing strong results. This is good for meta platforms.
Pay attention to how stocks react to the news:
From where I sit, the most important feature I look for during the reporting season is how the market and a particular company reacts to the news. Remember, always keep your losses small and don't argue with the tape.
Uncertainty in valuation of non-tradable tokens
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