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Meta Platforms (META) closed at $533.28, up 1.65% from the previous day, outperforming the S&P 500’s gain of 0.13% on the same day. Despite this daily increase, shares had dropped 0.53% over the past month, trailing the S&P 500’s 3.67% gain.
The company is set to report earnings soon, with analysts predicting an EPS of $5.15, a 17.31% increase year-over-year, and quarterly revenue of $40.08 billion, up 17.38% from the prior year. For the annual period, expected earnings are $21.36 per share with revenue reaching $161.62 billion, reflecting increases of 43.64% and 19.8%, respectively.
Currently, META has a Forward P/E ratio of 24.56 compared to the industry average of 30.42 and a PEG ratio of 1.29, lower than the industry average of 2.02. The stock holds a Zacks Rank of #3 (Hold), indicating stable performance based on analyst estimates.
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