Meta Platforms(US:META) ZACKS·2024-12-26 23:51Company Performance - Meta Platforms is expected to report an EPS of $6.76, reflecting a 26.83% increase from the same quarter last year [1] - The Zacks Consensus Estimate for revenue is projected at $46.98 billion, which is a 17.13% rise compared to the previous year [1] - For the full year, analysts anticipate earnings of $22.68 per share and revenue of $163.09 billion, indicating increases of 52.52% and 20.9% respectively from last year [6] Analyst Estimates - Recent changes to analyst estimates for Meta Platforms are crucial as they reflect the evolving short-term business dynamics [2] - Positive revisions in estimates signal analysts' confidence in the company's performance and profit potential [2] Valuation Metrics - Meta Platforms currently has a Forward P/E ratio of 26.79, which is lower than the industry's average Forward P/E of 33.27, indicating a valuation discount [3] - The company has a PEG ratio of 1.34, compared to the average PEG ratio of 2.4 for the Internet - Software industry [9] Industry Context - The Internet - Software industry is ranked 28 by Zacks, placing it in the top 12% of over 250 industries, suggesting strong performance potential [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4] Stock Performance - Meta Platforms closed at $603.35, down 0.72% from the previous session, underperforming the S&P 500's loss of 0.04% [5] - Over the past month, Meta's shares have increased by 6.77%, outperforming the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05% [5] Zacks Rank - The Zacks Consensus EPS estimate has remained unchanged over the past month, with Meta Platforms holding a Zacks Rank of 3 (Hold) [8]