Meta Platforms (META) closed at $600.21, marking a 1.13% increase from the previous day, while the S&P 500 fell by 0.57%. Over the past month, Meta’s shares have declined by 2.9%, contrasting with a 2.85% gain in the Computer and Technology sector and a 2.14% increase in the S&P 500.
As the company approaches its earnings announcement, analysts expect an earnings per share (EPS) of $7.11, representing a 0.42% decrease year-over-year, while revenue is predicted to reach $60.13 billion, reflecting a 26.56% increase from the same quarter last year. For the fiscal year, projected EPS stands at $33.01, with expected total revenue of $253.28 billion, indicating year-over-year growth of 40.53% and 26.03%, respectively.
Currently, Meta holds a Zacks Rank of #3 (Hold), with a Forward P/E ratio of 17.98, compared to the industry average of 18.65. The company’s PEG ratio is at 0.93, indicating it is trading at a discount relative to its industry peers.
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