No investment decision can be efficient without considering a stock's valuation. The company topped consensus revenue estimates three times over this period. Over the last four quarters, Meta Platforms surpassed consensus EPS estimates three times. EPS of $3.67 for the same period compares with $3.88 a year ago.Ĭompared to the Zacks Consensus Estimate of $33.17 billion, the reported revenues represent a surprise of +1.51%. Meta Platforms reported revenues of $33.67 billion in the last reported quarter, representing a year-over-year change of +20%. Last Reported Results and Surprise History
For the current and next fiscal years, $130.75 billion and $153.61 billion estimates indicate +10.9% and +17.5% changes, respectively. Therefore, knowing a company's potential revenue growth is crucial.įor Meta Platforms, the consensus sales estimate for the current quarter of $28.3 billion indicates a year-over-year change of +8.1%. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:Įven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Meta Platforms is rated Zacks Rank #4 (Sell). Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Over the past month, the estimate has changed +106.7%. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.įor the next fiscal year, the consensus earnings estimate of $14.59 indicates a change of +18.6% from what Meta Platforms is expected to report a year ago. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Now the key question is: Where could the stock be headed in the near term?
#Almost impossible question 106.7 today software
The Zacks Internet - Software industry, to which Meta Platforms belongs, has lost 3.2% over this period.
Shares of this social media company have returned +0.3% over the past month versus the Zacks S&P 500 composite's +0.2% change. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Meta Platforms (FB) is one of the stocks most watched by visitors lately.
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