Meta Platforms (NASDAQ: META) closed at $563.85, down 2.32% from the previous day, underperforming the S&P 500, which fell 0.37%. The company has seen a 5.41% decrease in its share price over the past month, while the technology sector gained 4.52% and the S&P 500 rose 2.02%. Meta’s upcoming earnings report is expected to reveal an EPS of $7.1, a 0.56% decline from the previous year, alongside projected revenue of $60.13 billion, a 26.56% increase year-over-year.
For the fiscal year, Zacks Consensus Estimates predict earnings of $33.01 per share and revenue of $253.28 billion, indicating increases of 40.53% and 26.03%, respectively. Meta currently holds a Zacks Rank of #3 (Hold) and is trading at a Forward P/E ratio of 17.49, below the industry average of 18.33.
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