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 (META) Laps the Stock Market: Here's Why
Read MoreHide Full Article
Meta Platforms (META - Free Report) closed the most recent trading day at $664.45, moving +2.3% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.79% for the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.
The stock of social media company has risen by 10.02% in the past month, leading the Computer and Technology sector's loss of 0.85% and the S&P 500's gain of 0.87%.
Market participants will be closely following the financial results of Meta Platforms in its upcoming release. The company's upcoming EPS is projected at $8.15, signifying a 1.62% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $58.37 billion, indicating a 20.63% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $23.43 per share and revenue of $198.75 billion. These totals would mark changes of -1.8% and +20.82%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Meta Platforms. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Meta Platforms is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Meta Platforms has a Forward P/E ratio of 27.72 right now. This expresses a discount compared to the average Forward P/E of 28.76 of its industry.
Investors should also note that META has a PEG ratio of 1.68 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. META's industry had an average PEG ratio of 1.87 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Meta Platforms (META) Laps the Stock Market: Here's Why
Meta Platforms (META - Free Report) closed the most recent trading day at $664.45, moving +2.3% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.79% for the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.
The stock of social media company has risen by 10.02% in the past month, leading the Computer and Technology sector's loss of 0.85% and the S&P 500's gain of 0.87%.
Market participants will be closely following the financial results of Meta Platforms in its upcoming release. The company's upcoming EPS is projected at $8.15, signifying a 1.62% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $58.37 billion, indicating a 20.63% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $23.43 per share and revenue of $198.75 billion. These totals would mark changes of -1.8% and +20.82%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Meta Platforms. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Meta Platforms is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Meta Platforms has a Forward P/E ratio of 27.72 right now. This expresses a discount compared to the average Forward P/E of 28.76 of its industry.
Investors should also note that META has a PEG ratio of 1.68 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. META's industry had an average PEG ratio of 1.87 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.