Meta Platforms (META) closed at $726.09 in the latest trading session, reflecting a +2.46% increase. In contrast, the S&P 500 saw a daily gain of 0.8%, while the Dow and Nasdaq gained 0.94% and 0.97%, respectively. Over the past month, META has surged 10.11%, outperforming the Computer and Technology sector’s gain of 8.5% and the S&P 500’s 5.12%.
Meta is expected to report an EPS of $5.75 for the upcoming earnings release, representing an 11.43% increase year-over-year, with revenue anticipated at $44.37 billion, a 13.55% rise from the previous year. For the full year, earnings are projected at $25.25 per share and revenue at $185.92 billion, marking 5.83% and 13.02% increases, respectively.
Currently, Meta has a Forward P/E ratio of 28.07, above its industry’s average of 28, with a PEG ratio of 1.74 compared to the industry average of 2.22. The Internet – Software industry is currently ranked 48th by Zacks, placing it in the top 20% of over 250 industry groups.
