Meta Platforms (META) Stock Declines While Market Improves: Some Information for Investors

The most recent trading session ended with Meta Platforms (META) standing at $604.71, reflecting a -0.48% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.64%. On the other hand, the Dow registered a gain of 0.85%, and the technology-centric Nasdaq increased by 0.31%.The the stock of social media company has fallen by 17.52% in the past month, lagging the Computer and Technology sector's loss of 11.22% and the S&P 500's loss of 7.69%.Market participants will be closely following the financial results of Meta Platforms in its upcoming release. The company is predicted to post an EPS of $5.60, indicating a 18.9% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $41.43 billion, up 13.64% from the prior-year quarter.For the full year, the Zacks Consensus Estimates project earnings of $26.70 per share and a revenue of $188.8 billion, demonstrating changes of +11.9% and +14.77%, respectively, from the preceding year.Investors might also notice recent changes to analyst estimates for Meta Platforms. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.12% rise in the Zacks Consensus EPS estimate. Meta Platforms is currently sporting a Zacks Rank of #3 (Hold).Looking at its valuation, Meta Platforms is holding a Forward P/E ratio of 22.76. This valuation marks a discount compared to its industry's average Forward P/E of 27.15.Investors should also note that META has a PEG ratio of 1.24 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software was holding an average PEG ratio of 2.04 at yesterday's closing price.The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 120, which puts it in the top 48% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks