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As of the latest market close, Meta Platforms (META) shares were priced at $499.49, declining by 1.41% from the previous day. This performance falls short of the S&P 500’s 0.25% gain, while the Dow and Nasdaq gained 0.15% and 0.03%, respectively. Over the past month, META stock has increased by 8.06%, slightly trailing the Computer and Technology sector’s 8.7% rise.
Meta Platforms is set to release its earnings report, with projected earnings per share (EPS) of $4.66, reflecting a 44.27% year-over-year increase. Revenue estimates stand at $38.15 billion, a 19.22% increase from the previous year. For the full year, consensus forecasts suggest EPS of $20.16, up 35.57%, and revenue of $158.97 billion, up 17.84%.
Currently, Meta has a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 25.13, below the industry average of 29.7. The company’s PEG ratio is 1.31, compared to the industry average of 1.7. The Internet – Software industry is positioned within the top 29% of all industries according to the Zacks Industry Rank.
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