From Nasdaq: 2024-06-06 17:45:09

Meta Platforms (META) closed at $493.76, a -0.26% change from the previous day, outperforming the S&P 500. Analysts predict an EPS of $4.66 for upcoming earnings, showing a 44.27% growth. Recent estimate revisions suggest positive momentum for the company. META currently holds a Zacks Rank of #3 (Hold).

To have an impressive track record, the Zacks Rank system is based on estimate changes. META trades at a discounted Forward P/E ratio of 24.56 compared to the industry average. With a PEG ratio of 1.28, META is positioned well within the Internet – Software industry. Use Zacks.com for more insights on stock metrics.

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Read more at Nasdaq: Meta Platforms (META) Suffers a Larger Drop Than the General Market: Key Insights