We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Meta Platforms (FB) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Meta Platforms (FB - Free Report) closed at $200.06 in the latest trading session, marking a -1.43% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.53%, while the tech-heavy Nasdaq lost 0.48%.
Prior to today's trading, shares of the social media company had lost 14.63% over the past month. This has lagged the Computer and Technology sector's loss of 4.07% and the S&P 500's loss of 2.43% in that time.
Meta Platforms will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.70, down 18.18% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $28.45 billion, up 8.69% from the prior-year quarter.
FB's full-year Zacks Consensus Estimates are calling for earnings of $12.79 per share and revenue of $132.4 billion. These results would represent year-over-year changes of -7.12% and +12.27%, respectively.
It is also important to note the recent changes to analyst estimates for Meta Platforms. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.61% lower. Meta Platforms is currently a Zacks Rank #3 (Hold).
Investors should also note Meta Platforms's current valuation metrics, including its Forward P/E ratio of 15.87. This represents a discount compared to its industry's average Forward P/E of 49.86.
Meanwhile, FB's PEG ratio is currently 1.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 3.14 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Meta Platforms (FB) Dips More Than Broader Markets: What You Should Know
Meta Platforms (FB - Free Report) closed at $200.06 in the latest trading session, marking a -1.43% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.53%, while the tech-heavy Nasdaq lost 0.48%.
Prior to today's trading, shares of the social media company had lost 14.63% over the past month. This has lagged the Computer and Technology sector's loss of 4.07% and the S&P 500's loss of 2.43% in that time.
Meta Platforms will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.70, down 18.18% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $28.45 billion, up 8.69% from the prior-year quarter.
FB's full-year Zacks Consensus Estimates are calling for earnings of $12.79 per share and revenue of $132.4 billion. These results would represent year-over-year changes of -7.12% and +12.27%, respectively.
It is also important to note the recent changes to analyst estimates for Meta Platforms. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.61% lower. Meta Platforms is currently a Zacks Rank #3 (Hold).
Investors should also note Meta Platforms's current valuation metrics, including its Forward P/E ratio of 15.87. This represents a discount compared to its industry's average Forward P/E of 49.86.
Meanwhile, FB's PEG ratio is currently 1.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 3.14 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.