Meta Platforms (META) closed the latest trading session at $584.88, down 1.86% from the previous day, underperforming the S&P 500, which fell 0.96%. Over the past month, Meta’s shares have increased by 19.12%, outperforming the Computer and Technology sector’s gain of 7.35% and the S&P 500’s 4.3% increase.
The company is set to release its earnings report on October 30, 2024, with analysts predicting an EPS of $5.15, marking a 17.31% growth year-over-year, and projected revenue of $40.08 billion, up 17.38% from the prior year. For the full year, analysts expect earnings of $21.36 per share and revenue of $161.62 billion, representing increases of 43.64% and 19.8%, respectively.
Currently rated #2 (Buy) by Zacks, Meta is trading with a Forward P/E ratio of 27.9, compared to its industry’s 30.53, indicating a valuation discount. The company has seen a recent 0.3% rise in EPS estimate, reflecting analyst optimism.
