Meta Stock Outperforms Market as Strong Growth Expected in Upcoming Earnings
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Meta Platforms (META) stock recently outperformed the market in the latest trading session, up 0.86% vs the S&P 500's 0.14% gain.
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Meta is projected to report strong EPS and revenue growth in upcoming earnings - EPS up 59% and revenue up 20.28% year-over-year.
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Analysts have revised Meta's earnings estimates higher over the past month, indicating positive business trends.
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Meta currently has a Zacks Rank of #2 (Buy) and trades at a lower Forward P/E ratio than its industry average.
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The Internet Software industry overall ranks in the top 15% out of over 250 industries, according to the Zacks Industry Rank system.