Why Meta Platforms (META) Outpaced the Stock Market Today

16.04.24 23:45 Uhr

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In the latest trading session, Meta Platforms (META) closed at $501.32, marking a +0.22% move from the previous day. This change outpaced the S&P 500's 0.03% gain on the day. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 0.12%.Heading into today, shares of the social media company had gained 0.65% over the past month, outpacing the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9% in that time.Market participants will be closely following the financial results of Meta Platforms in its upcoming release. The company plans to announce its earnings on April 24, 2024. The company's earnings per share (EPS) are projected to be $4.31, reflecting a 63.26% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $36.22 billion, indicating a 26.44% growth compared to the corresponding quarter of the prior year.For the full year, the Zacks Consensus Estimates are projecting earnings of $20.07 per share and revenue of $159.21 billion, which would represent changes of +34.97% and +18.02%, respectively, from the prior year.Investors should also take note of any recent adjustments to analyst estimates for Meta Platforms. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, there's been a 0.63% rise in the Zacks Consensus EPS estimate. Meta Platforms presently features a Zacks Rank of #2 (Buy).Investors should also note Meta Platforms's current valuation metrics, including its Forward P/E ratio of 24.93. This indicates a discount in contrast to its industry's Forward P/E of 27.33.Meanwhile, META's PEG ratio is currently 1.28. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software industry currently had an average PEG ratio of 1.79 as of yesterday's close.The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 19% of all industries, numbering over 250.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Meta Platforms, Inc. (META): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Meta Platforms (ex Facebook)

Analysen zu Meta Platforms (ex Facebook)

DatumRatingAnalyst
25.04.2024Meta Platforms (ex Facebook) KaufenDZ BANK
25.04.2024Meta Platforms (ex Facebook) OverweightJP Morgan Chase & Co.
25.04.2024Meta Platforms (ex Facebook) BuyUBS AG
25.04.2024Meta Platforms (ex Facebook) OverweightBarclays Capital
25.04.2024Meta Platforms (ex Facebook) BuyUBS AG
DatumRatingAnalyst
25.04.2024Meta Platforms (ex Facebook) KaufenDZ BANK
25.04.2024Meta Platforms (ex Facebook) OverweightJP Morgan Chase & Co.
25.04.2024Meta Platforms (ex Facebook) BuyUBS AG
25.04.2024Meta Platforms (ex Facebook) OverweightBarclays Capital
25.04.2024Meta Platforms (ex Facebook) BuyUBS AG
DatumRatingAnalyst
02.02.2023Meta Platforms (ex Facebook) HaltenDZ BANK
27.10.2022Meta Platforms (ex Facebook) NeutralJP Morgan Chase & Co.
28.07.2022Meta Platforms (ex Facebook) NeutralJP Morgan Chase & Co.
21.07.2022Meta Platforms (ex Facebook) NeutralJP Morgan Chase & Co.
29.06.2022Meta Platforms (ex Facebook) NeutralJP Morgan Chase & Co.
DatumRatingAnalyst
12.05.2022Meta Platforms (ex Facebook) HoldHSBC
05.12.2019Facebook ReduceHSBC
31.01.2019Facebook SellPivotal Research Group
31.10.2018Facebook SellPivotal Research Group
12.10.2018Facebook SellPivotal Research Group

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Meta Platforms (ex Facebook) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"