From Nasdaq:

Meta Platforms (META) is a stock that has a solid history of beating earnings estimates. The company has exceeded earnings estimates for the past two quarters, with an average upside surprise of 16.91%. The Zacks Earnings ESP for Meta Platforms suggests a bullish near-term potential, with a positive indication of an earnings beat.

In the most recent quarter, Meta Platforms reported earnings of $4.39 per share, surpassing the Zacks Consensus Estimate of $3.62 per share, representing a surprise of 21.27%. With an Earnings ESP of +4.58% and a Zacks Rank #2 (Buy), the company is positioned for another earnings beat.

When the Earnings ESP is negative, it reduces the predictive power of the metric. But a negative value is not necessarily indicative of an earnings miss. Analysts have grown bullish on Meta Platforms’ near-term earnings potential, presenting an opportunity for investors.

Investors should not rely solely on beating the consensus EPS estimate when considering stock performance. The Zacks Earnings ESP and Zacks Rank provide essential factors in determining potential stock performance. It’s important to check a company’s Earnings ESP ahead of its quarterly release to increase the odds of success.

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Read more: Will Meta Platforms (META) Beat Estimates Again in Its Next Earnings Report?