Meta Platforms (META) is trending with gains, positive earnings and revenue estimates, and neutral valuation metrics.

From Nasdaq: 2024-05-24 09:00:17

Meta Platforms (META) has been trending on Zacks.com with recent gains of +5.5% while its industry saw a loss of 3%. Analysts estimate earnings of $4.67 per share in the current quarter, with a year-over-year change of +44.6%. Revenue estimates for the current fiscal year show a +35.7% change.

Earnings estimate revisions are crucial in determining stock value, with a correlation between revisions and price movements. Meta Platforms is rated Zacks Rank #3 (Hold) based on these revisions. Consensus sales estimates for the next fiscal year are at $179.82 billion, indicating a +13.1% change.

Valuation metrics show Meta Platforms trading at par with its peers, with a Zacks Value Style Score of C. Download Zacks’ free Special Report on stocks with extreme upside potential for both Democrats and Republicans, featuring companies with significant growth opportunities.

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Read more at Nasdaq: Here is What to Know Beyond Why Meta Platforms, Inc. (META) is a Trending Stock