Meta Platforms (META) closed at $682.31 on the latest trading day, reflecting a gain of 1.34%, outperforming the S&P 500’s increase of 1.14%. Over the past month, Meta’s shares have risen by 23.31%. In comparison, the Computer and Technology sector saw a decline of 1.69%, while the S&P 500 dropped 2.85% during the same period.
Wall Street anticipates that Meta will report an earnings per share (EPS) of $6.39, an 11.86% decrease compared to the previous year. Revenue is expected to be $63.18 billion, indicating a growth of 23.29% year-over-year. For the full fiscal year, earnings are projected at $31.38 per share, with total revenue reaching $254.02 billion, representing an increase of 33.59% and 26.4%, respectively.
Currently, Meta holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 21.27, slightly above the industry average of 20.36. The company’s PEG ratio stands at 1.04, compared to an industry average of 1.14.
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