Meta Platforms stock price dropped slightly while market rose, earnings report projected below analysts' estimates.

From Nasdaq: 2024-07-15 17:45:19

Meta Platforms (META) closed at $496.16, a -0.54% move from the previous day, below the S&P 500’s gain. Shares saw a 1.05% loss in the last month. Earnings report on July 31, 2024, projects $4.68 EPS and $38.19 billion revenue. Analysts expect $20.21 EPS and $159.08 billion revenue for the year.

Analyst estimates for Meta Platforms can impact stock prices. Zacks Rank system rates stocks #1 (Strong Buy) to #5 (Strong Sell). With a Zacks Rank #3 (Hold) currently, stock prices tend to move with estimate changes. Forward P/E ratio of 24.68 and PEG ratio of 1.29 show favorable valuation compared to industry averages.

META’s industry, Internet – Software, ranks in the top 36% with a Zacks Industry Rank of 89. Monitoring stock-influencing metrics like industry rank is crucial for investors. Zacks Investment Research offers 7 best stock recommendations for the next 30 days. Follow Zacks.com for up-to-date analysis and reports on Meta Platforms.



Read more at Nasdaq: Meta Platforms (META) Stock Sinks As Market Gains: Here’s Why