Meta Platforms, Inc. (META) is anticipated to maintain its earnings-beat streak, having delivered an average surprise of 9.41% over the last two quarters. In its most recent quarter, Meta reported earnings of $5.16 per share, exceeding the Zacks Consensus Estimate of $4.70 per share by 9.79%. In the prior quarter, it also surpassed expectations with earnings of $4.71 per share against an estimate of $4.32 per share, resulting in a surprise of 9.03%.
Currently, Meta holds an earnings ESP (Expected Surprise Prediction) of +2%, along with a Zacks Rank of #2 (Buy), indicating a strong potential for another earnings beat. Historically, stocks with a positive earnings ESP and a Zacks Rank of #3 or better have achieved a positive surprise approximately 70% of the time.
The upcoming earnings report will be crucial for investors, as many firms tend to beat consensus EPS estimates, which can influence stock performance positively. Monitoring the earnings ESP is essential for increasing the likelihood of success in stock trading.
