Meta Platforms (META) closed the most recent trading day at $576.36, moving -0.07% from the previous trading session. The stock’s performance was behind the S&P 500’s daily gain of 0.55%. On the other hand, the Dow registered a gain of 1.01%, and the technology-centric Nasdaq decreased by 0.14%.

The social media company’s shares have seen a decrease of 13.69% over the last month, not keeping up with the Computer and Technology sector’s loss of 8.88% and the S&P 500’s loss of 6.22%.

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 $5.33, marking a 13.16% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $41.43 billion, up 13.64% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $25.61 per share and a revenue of $188.8 billion, signifying shifts of +7.33% and +14.77%, respectively, from the last year.

Investors might also notice recent changes to analyst estimates for Meta Platforms. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we’ve crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Meta Platforms currently has a Zacks Rank of #3 (Hold).

Investors should also note Meta Platforms’s current valuation metrics, including its Forward P/E ratio of 22.52. This signifies a discount in comparison to the average Forward P/E of 26.45 for its industry.

It’s also important to note that META currently trades at a PEG ratio of 1.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. As the market closed yesterday, the Internet – Software industry was having an average PEG ratio of 2.01.