From Nasdaq: 2024-06-12 17:45:20

Meta Platforms (META) closed at $508.84, up 0.27% from the prior day, falling short of the S&P 500’s 0.85% gain. Analysts project an EPS of $4.66 and revenue of $38.15 billion for the upcoming quarter, showing a positive outlook. META currently carries a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 25.17, offering a valuation discount.
In the Internet – Software industry, META’s PEG ratio of 1.32 and Forward P/E ratio of 25.17 show a relative discount compared to industry averages. The industry has a Zacks Industry Rank of 72, in the top 29%, indicating strength. Understanding these metrics and the Zacks Rank can aid in investment decisions for META and other companies.
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Read more at Nasdaq: Meta Platforms (META) Advances But Underperforms Market: Key Facts