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Meta Platforms (META) closed down 1.93% at $682.35, lagging behind the S&P 500’s loss of 0.22% on the same day. Over the past month, Meta’s shares increased by 9.3%, outperforming the Computer and Technology sector’s gain of 2.98% and the S&P 500’s gain of 0.45%.
The company is expected to report an EPS of $5.75 and revenue of $44.37 billion, marking increases of 11.43% and 13.55% respectively, compared to the same quarter last year. The Zacks Consensus Estimates predict annual earnings of $25.25 per share and revenue of $185.98 billion, indicating year-over-year increases of 5.83% and 13.06%.
Meta has a Forward P/E ratio of 27.56, below the industry average of 27.94, and a PEG ratio of 1.71. The Internet – Software industry holds a Zacks Industry Rank of 52, placing it in the top 22% of over 250 industries.
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