Meta, formerly known as Facebook, is set to announce its first-quarter 2024 financial results after the closing bell on Wednesday. The tech giant's performance is eagerly anticipated, with analysts forecasting key figures across various metrics. Let's delve into what analysts expect from Meta's upcoming earnings report. According to data from the London Stock Exchange Group (LSEG) and StreetAccount, here's what analysts are expecting from Meta's first-quarter results: - Earnings per share (EPS): $4.32 - Revenue: $36.16 billion - Daily active users (DAUs): 2.12 billion - Monthly active users (MAUs): 3.09 billion - Average revenue per user (ARPU): $11.75 Since early 2023, Meta has been a favorite on Wall Street. CEO Mark Zuckerberg 's declaration of it being the "year of efficiency" drove significant investor confidence. In 2023, the stock nearly tripled, trailing only Nvidia among S&P 500 members, and it has seen an additional 40% increase in 2024.