Meta Platforms (META) shares increased by 8.8% in the latest trading session, closing at $612.91, significantly rebounding from a 5.8% decline over the past four weeks. This surge was accompanied by higher-than-average trading volume.
For its upcoming quarterly earnings report, Meta is projected to post earnings of $7.10 per share, reflecting a slight year-over-year decrease of 0.6%. Expected revenues are anticipated to reach $60.13 billion, a 26.6% increase from the same quarter last year. The consensus EPS estimate has remained stable over the last month, currently ranking META at #3 (Hold) on the Zacks scale.
Competing firm Nice (NICE) saw its shares rise 4.4% to $94.83, while its EPS estimate for the upcoming report stands at $2.63, down 12.6% from last year, with a similar Zacks Rank of #3 (Hold).
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