Meta Platforms (META) closed the trading session at $725.18 on the last trading day, reflecting a decrease of 1.84% from the previous day. This performance is notable against the background of the S&P 500’s loss of 0.25%, while the tech-focused Nasdaq posted a slight increase of 0.24%. Over the past month, Meta’s stock has surged by 27.7%, outperforming the Computer and Technology sector’s gain of 4% and the S&P 500’s decline of 0.42%.
In its upcoming earnings report, Meta is projected to announce an earnings per share (EPS) of $6.39, down 11.86% year-over-year, with expected revenue of $63.18 billion, representing a 23.3% increase from the same quarter last year. For the fiscal year, Zacks Consensus Estimates suggest earnings of $31.39 per share with a revenue forecast of $254.04 billion, reflecting growth rates of 33.63% and 26.41%, respectively.
As of the last month, the Zacks Consensus EPS estimate has decreased by 0.82%, with Meta’s current Zacks Rank at #3 (Hold). The company’s Forward P/E ratio stands at 23.54, above the industry average of 18.78, and it holds a PEG ratio of 1.15, aligning with the industry’s average. The Internet – Software industry ranks in the top 35% of over 250 sectors, according to the Zacks Industry Rank methodology.
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