Bank of America analysts expect Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB)’s upcoming third quarter financial results to surpass Wall Street expectations, with potential upside being driven by an improving macroeconomic environment, accelerating AI benefits, and higher advertising sector spending.
In a note to clients on Tuesday, the analysts stated that they expect Meta to report Q3 revenue of $50 billion along earnings per share of $7.30, beating the analyst consensus forecast of $49.5 billion and $6.69, respectively.
They also anticipate the company providing Q4 revenue guidance of between $55.5 billion and $59 billion, an improvement of 15 to 22% year over year.
The Bank of America analysts expect Meta’s progress on its AI roadmap for 2026 to be the focus of its earnings call and key for its stock’s sentiment, particularly in how AI will benefit the company’s ad revenue.
Meta Platforms shares traded hands at $749 on Wednesday afternoon, up almost 28% in the year to date.
- Updated with share price movement -