Meta Platforms Inc (NASDAQ: META) has reported E.P.S. of $6.20 for its third fiscal quarter (ending September 30) versus $4.50 for the same period a year ago — an increase of 38%. E.P.S. were $21.83 for the latest four quarters through September 30 versus $11.49 for the same period a year ago — an increase of 90%.
Recent Price Action
Meta Platforms Inc (NASDAQ: META) stock declined slightly by -0.2% on 10/30/24. The stock closed at $591.80. Moreover, this decline was accompanied by exceptionally high trading volume at 233% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.7% 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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Meta Platforms has a neutral Appreciation Score of 47 but a good Power Rating of 73, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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