Meta Platforms closed the latest session at $725.18, a decline of 1.84% that outpaced the broader market's 0.25% drop in the S&P 500. The social media company's shares have climbed 27.7% over the past month, far ahead of the 4% gain in the Computer and Technology sector and the S&P 500's 0.42% loss over the same period. For its upcoming earnings report, Meta is expected to post earnings per share of $6.39, down 11.86% from the prior-year quarter, on revenue of $63.18 billion, which would mark 23.3% growth. For the full fiscal year, the Zacks Consensus Estimates project earnings of $31.39 per share and revenue of $254.04 billion, representing changes of +33.63% and +26.41% respectively from the prior year. Meta currently carries a Zacks Rank of #3 (Hold), with its consensus EPS estimate having shifted 0.82% downward over the past month, and trades at a forward P/E of 23.54, a premium to its industry's average of 18.78.
Meta Platforms Inc.Zacks consensus Q3 EPS estimate of $6.39 is down 11.86% year-over-year and the consensus estimate has shifted 0.82% lower over the past month, with Meta trading at a premium forward P/E of 23.54.
