From Nasdaq: 2024-06-04 09:00:18

Meta Platforms (META) has been a top search on Zacks.com, with shares up +2.5% in the past month. Analysts project earnings of $4.67/share for the current quarter, +44.6% YoY. Revenue estimates are $38.15 billion this quarter, +19.2% YoY. Despite a Zacks Rank #3 (Hold), Meta Platforms continues to attract investor interest.

Earnings estimate revisions drive stock performance, with a positive correlation to price movements. Meta Platforms has seen a +35.8% change in consensus earnings estimate for the current fiscal year. Valuation metrics suggest the stock is fairly valued compared to peers. Stay informed on Meta Platforms to capitalize on potential opportunities.

Looking ahead, Meta Platforms is expected to report earnings of $23.15 per share for the next fiscal year, representing a +14.6% change YoY. The company’s revenue estimates for the current and next fiscal years indicate growth of +17.8% and +13.1%, respectively. Keep an eye on Meta Platforms for future updates.



Read more at Nasdaq: Investors Heavily Search Meta Platforms, Inc. (META): Here is What You Need to Know