From Nasdaq: 2024-05-13 09:00:14

Meta Platforms (META) is one of the most searched stocks on Zacks.com. Despite a recent -7% return, analysts are focusing on key factors that could influence stock performance in the near future. With shares in the Zacks Internet – Software industry declining by 5.7%, the question remains: What direction will the stock take next?

Investors rely on fundamental facts rather than media-induced rumors to inform decision-making. Earnings estimates play a crucial role in determining a stock’s fair value, impacting investor interest and stock price movements. Meta Platforms is expected to post $4.66 per share earnings for the current quarter, a change of +44.3% from last year. The Zacks Consensus Estimate shifted -2.2% in the last month.

Future earnings estimates for Meta Platforms signal a +15% change for the next fiscal year, with the consensus estimate at $23.12 per share. The Zacks Rank system ranks Meta Platforms at #3 (Hold) due to changes in consensus estimates and other factors. Revenue growth estimates for the company are also positive, indicating a year-over-year increase of +19.2% for the current quarter.

Meta Platforms scored a C on Zacks’ Value Style Score, suggesting it is trading in line with industry peers. This analysis helps investors determine whether a stock is overvalued, undervalued, or fairly priced. By examining valuation metrics, investors can gauge a stock’s future price performance and growth prospects. The Zacks Rank #3 for Meta Platforms suggests it may align with the broader market in the near term.

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Read more at Nasdaq: Is Trending Stock Meta Platforms, Inc. (META) a Buy Now?