Meta Platforms Stock Outperforms Broader Market as Estimates Rise ahead of Q4 Earnings
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Meta Platforms (META) stock rose 1.2% on the day, outpacing the broader market's gains.
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META shares have increased 7.81% over the past month, beating the tech sector's 1.47% gain.
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META is expected to report a 61.74% year-over-year rise in Q4 EPS to $4.27, on 25.94% revenue growth.
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Analysts have revised META's full-year earnings and revenue estimates up by 34.1% and 17.68%, respectively.
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META currently boasts a Zacks Rank of #1 (Strong Buy) given recent estimate revisions.