From Nasdaq:

Meta Platforms (META) closed at $381.78, down -0.44%. This lagged behind S&P 500’s daily gain of 0.22%. Prior to trading, META’s shares have surged 8.51% in the past month. Look out for the company’s upcoming earnings report to be unveiled on February 1, 2024, with projected EPS at $4.80 and revenue at $38.82 billion.

META is currently ranked as a Zacks Rank #2 (Buy), signaling a promising outlook. With a Zacks Rank model, estimate adjustments reflect imminent stock price performance. Analysts have recently revised the Zacks Consensus EPS estimate 0.43% higher within the past month.

META’s current Forward P/E ratio of 21.73 signifies a discount compared to its industry’s Forward P/E of 34.11. The industry rank for META is positioned at 58, placing it within the top 24% of over 250 industries. META currently boasts a PEG ratio of 1.03, indicating favorable earnings growth.

The Internet – Software industry, part of the Computer and Technology sector, has an industry rank of 58, ranking it within the top 24% of industries. To get the latest industry news and analysis, visit Zacks.com for META’s future trading sessions. Receive the latest recommendations from Zacks Investment Research and a free Stock Analysis Report of Meta Platforms, Inc. at Zacks.com.



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