Meta Platforms Inc. (META) has gained attention recently, with its shares increasing by 12.9% over the past month, contrasting with a -1.5% change in the Zacks S&P 500 composite. The company is expected to report earnings of $5.13 per share for the current quarter, reflecting a year-over-year growth of 16.9%. For the current fiscal year, the consensus earnings estimate is $21.27, with a significant year-over-year change of 43%.
Meta Platforms’ revenue estimates for the current quarter stand at $40.08 billion, indicating a year-over-year growth of 17.4%. The company reported revenues of $39.07 billion in the last quarter, exceeding the Zacks Consensus Estimate of $38.34 billion by 1.91%. In addition, the Zacks Rank currently places Meta at #3 (Hold), indicating a performance in line with market trends.
Overall, analysis suggests that Meta may remain an appealing consideration, especially with notable upcoming consensus estimates and a steady growth trajectory.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
