Meta Platforms (META) closed at $536.38 on the latest trading day, marking a 2.03% increase, surpassing the S&P 500’s loss of 0.4%. The stock has experienced an 18.89% decline over the past month, while the technology sector saw an 8.37% drop and the S&P 500 decreased by 7.34% during the same period.
The company is set to report earnings shortly, with expectations of an EPS of $6.67, reflecting a 3.73% year-over-year increase, and revenue projected at $55.34 billion, up 30.78% from the previous year. For the full year, the Zacks Consensus Estimates forecast earnings of $29.75 per share and revenue of $249.25 billion, representing increases of 26.65% and 24.03% respectively.
Currently, Meta has a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 17.67, which is below the industry average of 18.36. The company also holds a PEG ratio of 0.81, compared to the Internet – Software industry’s average PEG of 1.02.
