From Nasdaq: 2024-06-24 17:45:21

In the latest market close, Meta Platforms (META) closed at $498.91, up 0.83% from the previous day, outperforming the S&P 500. Analysts are anticipating an EPS of $4.66 and revenue of $38.15 billion in the upcoming earnings report. The stock is currently trading with a Forward P/E ratio of 24.54, signaling potential value.

Meta Platforms’ stock has gained 3.46% in the past month. Analysts’ estimate revisions reflect short-term business trends, impacting share price momentum. The Zacks Rank system, which tracks estimate changes, currently rates Meta Platforms as a Hold (#3). The company is expected to deliver annual earnings growth of +35.57% and revenue growth of +17.84% for the year.

Meta Platforms has a PEG ratio of 1.28, indicating expected earnings growth. The Internet – Software industry has an average PEG ratio higher than META. The industry has a strong Zacks Industry Rank of 68, indicating positive performance relative to other sectors. Stay updated on these metrics for potential investment opportunities.

Analysts suggest considering “Whisper” stocks poised to surprise the market with earnings announcements. These stocks could see a jump of +10-20% upon earnings. To access the latest stock recommendations from Zacks Investment Research for potential gains in the next 30 days, download the free report. Visit Zacks.com for further insights on Meta Platforms and other stock updates.



Read more at Nasdaq: Why the Market Dipped But Meta Platforms (META) Gained Today