Meta Platforms (META) closed down 1.53% from previous day, but expected to show growth

From Nasdaq: 2024-04-08 17:45:21

Meta Platforms (META) closed at $519.25, down 1.53% from the previous day, trailing the S&P 500’s losses and Nasdaq’s gains. The company is expected to release earnings on April 24, 2024, with an EPS prediction of $4.27, a 61.74% growth. Current Zacks Rank for META is #2 (Buy).

Meta Platforms is predicted to have an EPS of $19.94 and revenue of $158.75 billion for the annual period, showing growth compared to the preceding year. META has a Forward P/E ratio of 26.45, a PEG ratio of 1.36, and is part of the Internet – Software industry. Analysts suggest monitoring recent estimates for insights into future performance.

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Read more at Nasdaq: Meta Platforms (META) Declines More Than Market: Some Information for Investors