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Meta Platforms (META) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, Meta Platforms (META - Free Report) closed at $615.58, marking a +2.55% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.16%.
The stock of social media company has risen by 2.55% in the past month, leading the Computer and Technology sector's gain of 0.38% and the S&P 500's gain of 2.14%.
The upcoming earnings release of Meta Platforms will be of great interest to investors. The company's upcoming EPS is projected at $7.09, signifying a 0.70% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $60.2 billion, indicating a 26.69% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $33.11 per share and revenue of $253.41 billion, which would represent changes of +40.95% and +26.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Meta Platforms. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.36% rise in the Zacks Consensus EPS estimate. Meta Platforms currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Meta Platforms is currently trading at a Forward P/E ratio of 18.13. For comparison, its industry has an average Forward P/E of 19.77, which means Meta Platforms is trading at a discount to the group.
We can also see that META currently has a PEG ratio of 0.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software industry had an average PEG ratio of 1.09 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Meta Platforms (META) Rises As Market Takes a Dip: Key Facts
In the latest trading session, Meta Platforms (META - Free Report) closed at $615.58, marking a +2.55% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.16%.
The stock of social media company has risen by 2.55% in the past month, leading the Computer and Technology sector's gain of 0.38% and the S&P 500's gain of 2.14%.
The upcoming earnings release of Meta Platforms will be of great interest to investors. The company's upcoming EPS is projected at $7.09, signifying a 0.70% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $60.2 billion, indicating a 26.69% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $33.11 per share and revenue of $253.41 billion, which would represent changes of +40.95% and +26.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Meta Platforms. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.36% rise in the Zacks Consensus EPS estimate. Meta Platforms currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Meta Platforms is currently trading at a Forward P/E ratio of 18.13. For comparison, its industry has an average Forward P/E of 19.77, which means Meta Platforms is trading at a discount to the group.
We can also see that META currently has a PEG ratio of 0.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software industry had an average PEG ratio of 1.09 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.