From Nasdaq.: 2024-09-16 17:45:20

Meta Platforms (META) closed trading at $533.28, up 1.65% from the previous day, outperforming the S&P 500. Analysts expect an EPS of $5.15 and quarterly revenue of $40.08 billion, with annual estimates showing earnings of $21.36 per share and revenue of $161.62 billion.

Investors monitor Meta Platforms’ earnings closely. Analysts predict a 17.31% increase in EPS compared to the previous year, alongside a 17.38% rise in quarterly revenue. Positive analyst revisions indicate confidence in the company’s performance, affecting stock price movements. The Zacks Rank system, currently at #3 (Hold), helps investors capitalize on these changes.

Meta Platforms’ valuation metrics like Forward P/E of 24.56 and PEG ratio of 1.29 highlight potential discounts compared to industry averages. The company operates in the Internet – Software industry, ranked at 87, within the top 35% of all industries. Checking Zacks.com for updates on stock-moving metrics is recommended.



Read more at Nasdaq.: Meta Platforms (META) Outperforms Broader Market: What You Need to Know