From Nasdaq:

Meta Platforms (META) ended the latest trading session at $357.43, down 0.34% from the previous day. Analysts are anticipating a 59.67% increase in earnings per share to $4.79 for Meta Platforms’ upcoming earnings report on February 1, 2024, with revenue expected to increase 20.28% to $38.69 billion. The company currently holds a Zacks Rank of #2 (Buy).

Meta Platforms has an impressive 10.26% gain over the last month, surpassing the overall technology sector and the S&P 500. The company’s share price momentum is directly associated with analyst estimate revisions, as Zacks Rank #1 stocks have seen an average annual return of +25% since 1988. The Zacks Consensus EPS estimate for Meta Platforms has moved 0.33% higher over the last 30 days.

Meta Platforms also boasts attractive valuation with a forward P/E ratio of 20.35, which is a discount compared to the industry average of 34.92. Furthermore, it has a low PEG ratio of 0.95, well below the industry average of 1.65. The Internet – Software industry, in which Meta Platforms operates, has a Zacks Industry Rank of 30, placing it within the top 12% of over 250 industries.

Zacks Investment Research lists Meta Platforms as a #1 favorite stock, with the company’s upcoming earnings report highly anticipated by analysts and investors. A #2 (Buy) Zacks Rank suggests favorable conditions for potential profitability. The Zacks Industry Rank of 30 illustrates assurance of industry strength against over 250 competing industries.



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