Meta Platforms Inc (NASDAQ: META) has reported E.P.S. of $5.31 for its second fiscal quarter (ending June 30) versus $3.03 for the same period a year ago. E.P.S. were $20.13 for the latest four quarters through June 30 versus $8.64 for the same period a year ago.
Recent Price Action
On 7/31/24, Meta Platforms Inc (NASDAQ: META) stock enjoyed a large increase of 2.5%, closing at $474.83. Moreover, this advance was accompanied by unusually high trading volume at 175% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, META is expected to continue to be a major Value Builder.
Meta Platforms has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Meta Platforms has a neutral Appreciation Score of 51 but a very high Power Rating of 91, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment