Meta Platforms (META) has reported a share increase of +2.5% over the past month, trailing the Zacks S&P 500 composite’s +3.2%. The consensus earnings estimate for the current quarter is $4.67 per share, reflecting a year-over-year growth of +44.6%, while annual earnings estimates have risen to $20.19 and $23.15 for the current and next fiscal years, indicating increases of +35.8% and +14.6%, respectively.
The company’s latest quarter saw revenues of $36.46 billion, a year-over-year increase of +27.3%, surpassing the Zacks consensus estimate of $36.28 billion by +0.48%. Meta’s Zacks Rank is #3 (Hold), indicating that it may perform in line with the broader market in the near term.
Projected revenue for the current quarter stands at $38.15 billion, up +19.2% year-over-year, with estimates of $158.97 billion and $179.82 billion for the current and next fiscal years. The stock maintains a Zacks Value Style Score of C, suggesting it is trading in line with peers.
