META reports after the close tonight.
Consensus estimates are for revenue of $27.67 bln (roughly flat y/y) and eps of $2.02.
For the June quarter, estimates suggest revenue of $29.45 billion, a 2% increase from the previous year, and an eps of $2.40.
META's expense guidance for the year is between $89 and $95 billion, while their capex guidance is set between $30 and $33 billion.
META's stock has increased by more than 70% this year, thanks to cost-cutting measures, potential share gain from a TikTok ban, and stabilization in revenue trends. However, to see further growth, META will likely have to exceed expectations significantly, just as with GOOG, as flat to low single-digit revenue growth may not be enough.
TECHS:
The stock's upside levels to watch are $222.00 and $230.00, with support at the 50-day moving average of $196.00 and $185.00.
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