Here's Why Meta Platforms (META) Gained But Lagged the Market Today

Stock Performance - Meta Platforms (META) ended the latest trading session at $604 63, marking a +0 9% increase from the previous day's close [1] - The stock underperformed compared to the S&P 500's daily gain of 1 26%, the Dow's 0 8% increase, and the Nasdaq's 1 77% rise [1] - Over the past month, META's stock dropped by 1 59%, underperforming the Computer and Technology sector's gain of 0 84% but outperforming the S&P 500's loss of 2 82% [1] Financial Projections - Meta Platforms' upcoming EPS is projected at$ 6 76, representing a 26 83% increase compared to the same quarter last year [2] - Revenue is expected to reach $46 98 billion, showing a 17 13% increase from the year-ago quarter [2] Analyst Estimates and Revisions - Positive revisions to analyst estimates reflect optimism about the company's business and profitability [3] - Estimate revisions are directly correlated with near-term share price momentum [4] - The Zacks Consensus EPS estimate for META has increased by 0 04% over the past month [5] Valuation Metrics - Meta Platforms is currently trading at a Forward P/E ratio of 23 8, which is a discount compared to the industry average of 27 87 [6] - META's PEG ratio is 1 19, lower than the Internet - Software industry average of 2 04 [6] Industry Ranking - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 25, placing it in the top 10% of over 250 industries [7] - The top 50% of industries ranked by Zacks outperform the bottom half by a factor of 2 to 1 [7] Zacks Rank - Meta Platforms currently has a Zacks Rank of 2 (Buy) [5] - Stocks with a Zacks Rank of 1 have historically delivered an average annual return of +25% since 1988 [5]