Meta Platforms (META) stock slides despite positive analyst revisions and upcoming earnings report

From Nasdaq: 2025-01-09 17:45:21

Meta Platforms (META) closed at $610.72, down 1.16% from the previous trading day, underperforming the S&P 500. The company’s shares have decreased by 3.47% in the last month. Meta’s upcoming earnings report, set for January 29, 2025, projects an EPS of $6.76 and revenue of $46.98 billion, with positive analyst revisions.

The Zacks Rank system rates Meta Platforms as a #2 (Buy), with a 0.14% rise in the Zacks Consensus EPS estimate. The company’s Forward P/E ratio stands at 24.23, lower than the industry average. META also has a PEG ratio of 1.21, compared to the industry average of 2.1, showcasing potential growth opportunities.

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