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META - Data Insight - Capital Expenditures Recovery?
Meta Platforms Inc
Capital expenditure expectations appear to have recovered from pre-pandemic levels in most major regions and are trending upwards according to analyst estimates.
For the U.S. index, the 12-month forward capital expenditures estimate is currently $885.6 billion, up 13.8% year-over-year. Elsewhere, estimates are up 33.0% YoY in Asia, 23.6% for the Global index, and -3.0% in Europe.
Capex estimates peaked at $125.7 billion in March 2020 and currently stand at $81.4 billion for the Datastream U.S. Energy index.