Meta Stock Dips Despite Broader Market Gains; Upcoming Earnings Expected to Show Strong Growth
• Meta Platforms (META) stock fell 0.84% despite broader market gains, underperforming the S&P 500, Dow, and Nasdaq.
• META shares have risen 8.61% over the past month, beating the Computer and Technology sector's 2.36% gain.
• META's upcoming earnings are expected to show a 61.74% EPS increase and 25.94% revenue growth year-over-year.
• Recent positive estimate revisions for META earnings and revenue reflect near-term business optimism.
• META has a Zacks Rank of #1 (Strong Buy) and trades at a forward P/E ratio of 25.06, representing a discount vs. its industry average P/E of 30.06.