Meta Platforms (META) Gains As Market Dips: What You Should Know
Source: Zacks ·
In the most recent trading session, Meta Platforms (META) closed at $744.1, indicating a +1.02% shift from the previous trading day.
From the source
Meta Platforms (META) ended the recent trading session at $744.10, demonstrating a +1.02% change from the preceding day's closing price. This change outpaced the S&P 500's 0.76% loss on the day. Meanwhile, the Dow experienced a drop of 0.68%, and the technology-dominated Nasdaq saw a decrease of 1.13%. The social media company's stock has climbed by 29.22% in the past month, exceeding the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%. The investment community will be closely monitoring the performance of Meta Platforms in its forthcoming earnings report. It is anticipated that the company will report an EPS of $6.39, marking a 11.86% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $63.18 billion, indicating a 23.29% upward movement from the same quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $31.38 per share and a revenue of…