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Stock impact report

Meta Platforms (META) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
Meta Platforms (META) closed at $660.41 in the latest trading session, marking a -1.1% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.57%. Meanwhile, the Dow lost 1.61%, and the Nasdaq, a tech-heavy index, lost 0.26%. The social media company's shares have seen a decrease of 0.19% over the last month, surpassing the Computer and Technology sector's loss of 0.64% and falling behind the S&P 500's loss of 0.15%. Market participants will be closely following the financial results of Meta Platforms in its upcoming release. On that day, Meta Platforms is projected to report earnings of $6.67 per share, which would represent year-over-year growth of 3.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $55.34 billion, up 30.78% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $29.68 per share and revenue of $249.25 billion, indicating changes of +26.35% and + Show less Read more
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