#Meta materials earnings date free#

The type of the selected earnings option strategy. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.Current Strategy Market & Theoretical Value Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. On the date of publication, Louis Navellier had a long position in META. META stock earns a B rating in Portfolio Grader.

#Meta materials earnings date free#

With this, feel free to enter or add to a position at current prices. In short, this tech comeback may have legs. Consider recent positive news with META stock as possibly just the start. These could heighten the appeal of both its major platforms, paving the way for better-than-expected revenue and earnings growth. While it may cannot dominate the space, Meta could still use this technology to further strengthen its existing business.Īs I argued earlier this month, the company is making progress developing advanced generative AI advertising tools. However, that’s not to say that AI will be a negative rather than a positive for the stock going forward. The jury’s still out whether the company will be one of them. Yes, there are several large tech firms that appear set to dominate the artificial intelligence space. Finally, atop these two factors, yet another one could spark a material increase in profitability: the company’s big move into AI and machine learning. The last report showed it was much higher than it was in each of the two preceding quarters.Īfter cost savings, the rebound in digital ad demand stands to further boost results from here. They did, however, help META’s bottom line. Since then, the company has embarked on what may end up being an earnings comeback for Meta.įirst, Mark Zuckerberg who took heed of cost-cutting recommendations presented to him by an activist investor last fall. Until the end of 2022, the company was over-staffed and had yet to implement several rounds of large layoffs. However, keep in mind that the slump in digital advertising demand hurt META. Shares may look pricey today, especially when compared to most of the other FAANG components. There may be multiple arguments backing the bear case for META stock, but for each one, I would beg to differ. On top of pointing to META’s rich valuation, and current near-term issues, bearish investors are also making the argument that the tech giant’s status is overhyped. The European Union recently ordered META to pay a $1.3 billion fine because of violations of EU data privacy laws. Although Meta delivered a strong earnings beat this quarter, it still needs to get back to levels reported prior to the tech sector slowdown. The company has a high valuation for a mature, albeit growing, business, trading at 32.5 times trailing twelve month earnings.Īlongside this, they will point out that the company still faces many headwinds. It comprises more than merely pointing out that META stock currently trades at a premium.

With this, it’s not much of a surprise that many argue a correction is on the way.Īdmittedly, the bear case these skeptics lay out is quite substantive. In a brief span of time, Meta Platforms has gone from an out-of-favor stock back to an in-favor stock.