Meta Platforms – Consensus EPS estimates fall by 10%

The consensus outlook for earnings per share (EPS) in 2022 has deteriorated.

• 2022 revenue forecast decreased from US$140.1b to US$133.5b.
• EPS estimate also fell from US$14.22 per share to US$12.78 per share.
• Net income forecast to grow 0.2% next year vs 0.9% growth forecast for Interactive Media and Services industry in the US.
• Consensus price target of US$401 unchanged from last update.
• Share price rose 9.6% to US$323 over the past week.