市场资讯及洞察
Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)
Key areas in focus
Advertising (Family of Apps)
Advertising remains Meta’s dominant revenue driver. AI-driven ad targeting, Reels monetisation, and engagement efficiency can be important contributors to revenue growth and may support advertiser outcomes, noting results can vary by advertiser, format, and market conditions.
User engagement and monetisation
Engagement trends across Facebook, Instagram, WhatsApp, and Threads remain closely watched as indicators that can influence monetisation assumptions and medium-term expectations.
Artificial intelligence
Meta views AI as a foundation for content discovery, advertising performance, and the development of generative tools. Markets may continue to evaluate whether AI-driven gains offset the level of infrastructure and data centre investment required to support these projects.
Reality Labs
Reality Labs remains loss-making. Management continues to frame AR/VR and metaverse-related platforms as long-term strategic investments, while acknowledging continued operating losses and a drag on earnings performance.
What happened last quarter
Meta’s most recent quarterly update highlighted strong revenue growth alongside ongoing investment themes.
The company’s reported (GAAP) net income and EPS reflected a one-time, non-cash income tax charge disclosed in the earnings materials, while management commentary also emphasised cost discipline and investment priorities.
Operating margins expanded year-on-year, despite elevated AI-related investment.
Last earnings key highlights
- Revenue: US$51.24 billion
- Earnings per share (EPS): US$1.05 (GAAP)
- Advertising revenue: US$50.08 billion
- Operating margin: 40%
- Reality Labs operating loss: about US$4.43 billion
How the market reacted last time
Meta shares fell in after-hours trading after the release. Commentary at the time highlighted strong top-line outcomes, alongside investor focus on the outlook for spending and the pace of AI and infrastructure investment.
What’s expected this quarter
Bloomberg consensus points to continued year-on-year revenue growth, led by advertising, with operating margins expected to remain elevated despite ongoing AI and infrastructure expenditure.
Bloomberg consensus reference points (January 2026)
- Revenue: about US$41 to US$43 billion
- EPS: about US$4.80 to US$5.10 (adjusted)
- Advertising growth: high-teens year on year (YoY)
- Operating margin: expected to remain above 40%
- Capital expenditure (capex): elevated, reflecting AI and data centre investment
*All above points observed as of 23 January 2026.
Expectations
Sentiment around Meta Platforms may be sensitive to any disappointment around advertising demand, margin sustainability, or the scale of ongoing investment in AI and Reality Labs.
Recent price action suggests that some market participants appear to be pricing in a relatively constructive earnings outcome, which can increase sensitivity to negative surprises.
Listed options were pricing an indicative move of around ±3% based on near-dated options expiring after 28 January and an at-the-money options-implied ‘expected move’ estimate.
Implied volatility was about 31% annualised into the event, as observed on Barchart at 11:00 am AEDT on 23 January 2026.
These are market-implied estimates and may change. Actual post-earnings moves can be larger or smaller.
What this means for Australian traders
Meta’s earnings may influence near-term sentiment across US technology indices, particularly the Nasdaq, with potential spillover into broader global equity risk appetite and index-linked products traded during the Asia session after the release, which can be volatile and unpredictable following earnings events.
Important risk note
Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information.
Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.
Big tech earnings continue this week with three more of the Magnificent seven in Amazon, Meta and Apple due to report Q4 earnings after the US close on Thursday. So far, we’ve had mixed results from the first three Mag 7 tech stocks, none of them impressed stockholders much, with Tesla, Microsoft and Alphabet all down post earnings to varying degrees, will this new batch turn things around? AMAZON Amazon’s cost-cutting efforts look like they begin to pay off with analysts predicting a significant jump in earnings as compared to a year ago.
Earnings are forecast at 80 cents per share for Q4 2023 versus 3 cents a year ago. Revenue is also expected to jump to $166 billion which is about $17 billion more than for the same period a year ago. Another good sign for the bulls is that Amazon has a good track record with earnings beating estimates every quarter of the last fiscal year.
META Meta comes into today’s earnings after a stellar 2023 where the stock price increased by 194% on the back of the company cutting costs and seeing an increase in users and engagement. Investors and analysts are expecting big things in the latest earnings with consensus calling for earnings of $4.93 per share up from $1.76 a year ago, with revenues of just over $39 billion. Two big parts of the business that will be of extra importance to investors and the reaction in stock price will be Meta’s AI efforts and their growth in China, which has become a growing source of revenue for the company.
APPLE Apple along with Tesla has been one of the Magnificent 7 laggards with the stock price down around 4% YTD. A lukewarm response from investors to their flagship Vision Pro and waning demand for iPhones from China weighing on the stock price. Despite this AAPL is expected to report notably stronger earnings than a year ago, with a consensus of $2.10 per share for Q4 2023, an increase from $1.88 a year ago.
Revenue is projected at $118 billion, a $1 billion increase from Q4 2022. Investors will be focusing on the performance of Apple Services, plans for the Vision Pro and how sales are performing in China. If Apple can allay investors’ fears and provide guidance showing that the Chinese market is solid especially, some of the concerns that have seen the stock down so far this year could be eased.
Eli Lilly and Company (NYSE: LLY) posted Q4 2023 earnings results before the opening bell on Wall Street on Tuesday. The largest pharmaceutical company in the world reported revenue of $9.353 billion (up by 28% year-over-year) vs. $8.946 billion. Earnings per share (EPS) also topped estimates at $2.49 vs. $2.296 per share.
EPS grew by 19% vs. Q4 2022. Eli Lilly expects to achieve revenue of between $40.4 billion and $41.6 billion in 2024.
EPS expected to reach $12.20 to $12.70 per share. Company overview Founded: 1876 Headquarters: Indianapolis, Indiana, United States Number of employees: 39,000 (2022) Industry: Pharmaceutical Key people: David A. Ricks (Chair, President, & CEO), Anat Ashkenazi (CFO) CEO commentary "2023 was a year of tremendous achievement for Lilly, which delivered life-changing medicines to more patients than ever before resulting in strong revenue growth," David A.
Ricks, company CEO, said in a press release. "We advanced our pipeline of new medicines for serious diseases and created new partnerships and innovative ways of collaborating to add to that pipeline. Lilly invested in the quality, reliability and resilience of our supply chain with new advanced manufacturing plants and lines in the U.S. and in Europe. Entering 2024, we remain focused on the opportunity in front of us, to help solve some of the most challenging healthcare problems in the world and make life better for millions of patients," Ricks added.
Stock reaction The stock initialy rose by around 5% from $705 to $742 at the market open on Tuesday, reaching a new all-time high. Shares were flat at the end of trading, falling back down to $705.03 level. Stock performance 5 day: +9.31% 1 month: +12.72% 3 months: +17.52% Year-to-date: +20.95% 1 year: +107.56% Eli Lilly stock price targets Cantor Fitzgerald: $630 Wells Fargo & Company: $700 Barclays: $680 Morgan Stanley: $822 Truist Financial: $650 Deutsche Bank: $535 Citigroup: $675 UBS Group: $710 Bank of America: $700 Argus: $620 Credit Suisse Group: $580 BMO Capital Markets: $633 The Goldman Sachs Group: $470 Royal Bank of Canada: $580 Eli Lilly and Company is the 9th largest company in the world with a market cap of $669.28 billion, according to CompaniesMarketCap.
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Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Eli Lilly and Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
US manufacturer of construction and mining equipment, Caterpillar Inc. (NYSE: CAT), reported the latest financial results on Monday. CAT achieved revenue of $17.07 billion for the three months ending 31/12/23 (an increase of 3% year-over-year), which beat analyst estimate of $17.057 billion. Earnings per share (EPS) was reported at $5.23 (an increase of 35.84% year-over-year) vs. $4.765 per share expected.
The revenue for last year reached $61.1 billion, up by $59.4 billion the year prior. EPS also rose by 53.25% year-over-year to $21.21 per share. Company overview Founded: 1925 Headquarters: Irving, Texas, United States Number of employees: 109,100 (2022) Industry: Heavy equipment, Engines, Financial services Key people: Jim Umpleby (chairman & CEO) CEO commentary Jim Umpleby, CEO of Caterpillar commented on the latest results in a press release to investors: "I'm very proud of our global team's strong performance as they achieved the best year in our 98-year history, including record full-year sales and revenues, record adjusted profit per share and record ME&T free cash flow." "We remain committed to serving our customers, executing our strategy and investing for long-term profitable growth," Umpleby added.
Stock reaction Shares of Caterpillar rose by around 5% at the open, reaching a new all-time high. The stock ended the day up by 2% at $321.40 a share. Stock performance 5 day: +5.99% 1 month: +9.97% 3 months: +34.88% Year-to-date: +8.70% 1 year: +27.83% Caterpillar stock price targets Morgan Stanley: $270 Standford C.
Bernstein: $245 Stifel Nicolaus: $293 HSBC: $250 Tigress Financial: $295 The Goldman Sachs Group: $274 JP Morgan Chase & Co.: $320 Bank of America: $297 Barclays: $250 Credit Suisse Group: $334 Wells Fargo & Company: $285 TD Cowen: $320 Robert W. Baird: $234 Citigroup: $270 Caterpillar Inc. is the 73rd largest company in the world with a market cap of $163.61 billion, according to CompaniesMarketCap. You can trade Caterpillar Inc. (NYSE: CAT) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to ''Trading'' then select ''Share CFDs''. GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Caterpillar Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
The Boeing Company (NYSE: BA) reported Q4 2023 financial results before the market open in the US on Wednesday. World’s largest aircraft manufacturer’s revenue reached $22.018 billion for the last three months of 2023, above analyst estimate of $21.184 billion. Revenue rose by 10% year-over-year.
Boeing reported a loss per share of -$0.47, which was less than -$0.777 loss per share expected. Company overview Founded: 1916 Headquarters: Arlington County, Virginia, United States Number of employees: 156,000 (2022) Industry: Aerospace Key people: Dave Calhoun (President and CEO), Larry Kellner (Chairman) CEO commentary "While we report our financial results today, our full focus is on taking comprehensive actions to strengthen quality at Boeing, including listening to input from our 737 employees that do this work every day," Dave Calhoun, CEO of Boeing said in a statement. "As we move forward, we will support our customers, work transparently with our regulator and ensure we complete all actions to earn the confidence of our stakeholders," Calhoun looked ahead as company battles recent 737 aircraft safety issues and tries to rebuild its reputation. Stock reaction The stock took off on Wednesday after dropping to its lowest level since 17/11/2023 the day before.
Shares were up 5.29%, trading at $211.04 a share. Stock performance 5 day: -1.44% 1 month: -13.48% 3 months: +11.44% Year-to-date: -19.04% 1 year: -1.73% Boeing price targets Bank of America: $225 Susquehanna: $279 Wells Fargo & Company: $225 UBS Group: $315 Barclays: $235 Stifel Nicolaus: $265 Royal Bank of Canada: $275 Deutsche Bank: $270 Morgan Stanley: $220 Citigroup: $271 TD Cowen: $260 Jefferies Financial Group: $275 JP Morgan Chase & Co.: $245 The Boeing Company is the 104th largest company in the world with a market cap of $127.67 billion, according to CompaniesMarketCap. You can trade The Boeing Company (NYSE: BA) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
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It’s set to be another busy week of US earnings with The Coca-Cola Company, Shopify Inc., Airbnb Inc., Deere & Company and more expected to announce the latest earnings results. First up, US computer networking company Arista Networks Inc. (NYSE: ANET) released the latest results after the closing bell on Monday. The company achieved revenue of $1.54 billion for Q4 2023, narrowly beating Wall Street estimate of $1.534 billion.
Revenue was up by 20.8% year-over-year. Earnings per share (EPS) was reported at $2.08, which was above analyst estimate of $1.704 per share. EPS was up by 47.51% from Q4 2022.
Full year revenue was up by 33.8% from 2022 at $5.860 billion. EPS reached $6.94 per share. Company overview Founded: 2004 Headquarters: Santa Clara, California, United States Number of employees: 3,612 (2022) Industry: Networking hardware Key people: Jayshree Ullal (CEO and Chairperson), Andy Bechtolsheim (Founder and Chief Architect), Chantelle Breithaupt (CFO) CFO commentary "I am truly honoured to be a part of the leadership team that will drive Arista 2.0 products and technology for enterprise, cloud and AI customers.
As we enter 2024, we remain focused on satisfying their most demanding requirements with our compelling, innovative networking solutions," CFO of Arista Networks, Chantelle Breithaupt said in a press release. Stock reaction There was no major movement in share price on Monday before the latest results were announced. The stock was trading at $280.88 a share, down by 0.56%.
Shares fell by around 6% in the after-hours trading. Stock performance 5 day: +2.90% 1 month: +11.45% 3 months: +33.57% Year-to-date: +19.26% 1 year: +106.53% Arista Networks stock price targets Wells Fargo & Company: $310 JMP Securities: $325 KeyCorp: $287 Melius Research: $300 Morgan Stanley: $272 Citigroup: $300 The Goldman Sachs Group: $248 Needham & Company LLC: $235 Piper Sandler: $209 Rosenblatt Securities: $230 Bank of America: $225 Argus: $225 Barclays: $200 BNP Paribas: $210 Credit Suisse Group: $151 Arista Networks Inc. is the 178 th largest company in the world with a market cap of $87.38 billion, according to CompaniesMarketCap. You can trade Arista Networks Inc. (NYSE: ANET) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
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American Express Company (NYSE: AXP) announced fourth quarter of 2023 and full year financial results before the market opened in the US on Friday, ending a busy week of earnings. The US banking and payment card services company achieved revenue of $15.799 billion vs. $16.003 billion. Revenue grew by 11% vs. the year prior.
Earnings per share (EPS) reported at $2.62 vs. $2.639 pe share estimate. EPS was up by 27% year-over-year. American Express set a new full year revenue record at $60.5 billion – up by 14% vs. 2022.
Full year EPS reached $11.21 per share – an 14% year-over-year. The company also announced plans to increase its quarterly dividend to $0.70 per common share, up from $0.60 per share. Company overview Founded: 1850 Headquarters: 200 Vesey Street Manhattan, New York City, NY 10285, United States Number of employees: 77,300 (2022) Industry: Banking, Payment card services Key people: Stephen J.
Squeri (Chairman & CEO), Jeffrey C. Campbell (Executive VP & CFO) CEO commentary ''We delivered record revenues and profits in 2023, building on the momentum we've achieved since we announced our growth plan in January 2022. We continued to drive strong customer engagement, and demand for our premium products remained robust.
We added 12.2 million new proprietary cards in the year, bringing the total number of cards-in-force issued on our global network to over 140 million,'' Stephen J. Squeri, CEO of American Express commented on the latest results. Squeri also looked at the year ahead, setting expectations for investors: ''Based on the momentum in our business, we are providing full-year 2024 guidance for revenue growth of 9 percent to 11 percent and EPS of $12.65 to $13.15.
Looking ahead, we continue to run the business with a focus on our aspiration of revenue growth of 10 percent plus and mid-teens EPS growth.'' Stock reaction The share price rose by over 7% on Friday, trading at $201.43 a share. Stock performance 5 day: +8.90% 1 month: +6.47% 3 months: +41.16% Year-to-date: +6.47% 1 year: +15.76% American Express stock price targets BMO Capital Markets: $157 Deutsche Bank: $235 Robert W. Baird: $190 JP Morgan Chase & Co.: 205 Stephens: $193 The Goldman Sachs Group: $205 Barclays: $184 TD Cowen: $158 Citigroup: $154 Piper Sandler Companies: $151 Morgan Stanley: $175 Royal Bank of Canada: $185 HSBC: $181 Oppenheimer: $175 Bank of America: $202 American Express Company is the 86th largest company in the world with a market cap of $145.67 billion, according to CompaniesMarketCap.
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Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: American Express Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap