Meta Platforms (META) closed down 2.55% at $638.18, underperforming the S&P 500’s loss of 1.52% on the same day. Over the past month, META has declined 2.07%, compared to the technology sector’s loss of 1.66% and the S&P 500’s 2.25% loss.
For its upcoming earnings release, Meta’s projected earnings per share (EPS) is $6.67, a 3.73% increase year-over-year, with expected revenue of $55.34 billion, marking a 30.78% rise from the prior year. For the annual period, the estimates are $29.75 per share and $249.25 billion in revenue, reflecting increases of 26.65% and 24.02%, respectively.
As of now, Meta holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 22.01, higher than the industry average of 20.32. Recent changes in analyst estimates indicate a slight uptick of 0.02% in earnings expectations over the past month.
