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Meta Platforms Q1 Earnings Preview: 'Marginally Cautious,' AI Opportunity Could Prove 'First Mover Advantage'

Social media and technology company Meta Platforms Inc (NASDAQ:META) will report first-quarter financial results after market close Wednesday, April 24. Here are the earnings estimates and what analysts are saying ahead of the report. Earnings Estimates: Analysts expect Meta Platforms to report first-quarter revenue of $36.16 billion, according to data from Benzinga Pro. The company reported revenue of $28.65 billion in last year's first quarter. Meta Platforms has beaten revenue estimates from analysts in six straight quarters. Guidance from Meta Platforms for the first quarter calls for revenue to be in a range of $34.5 billion to $37.0 billion. Analysts expect the company to report earnings per share of $4.32 in the first quarter, compared to $2.20 in last year's first quarter. The company has beaten analysts' estimates for earnings per share in four straight quarters. Related Link: Zuckerberg Vs. Musk: Billionaire Battle Sees Meta Platforms Rejoin $1 Trillion Market Cap Club Before Tesla Roth on META: With Meta Platforms shares up 36% year-to-date, Roth analyst Rohit Kulkarni said there are great expectations for the company's earnings report. The analyst, who had a Buy rating and $500 price target, said buyside expectations could be "overly ambitious" and he remains cautious. "We are marginally cautious heading into 1Q earnings as '24 quarterly revenue cadence under tougher YoY comps, incremental growth drivers, and impact from European regulations are big unresolved debates ...