Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Different than value or momentum investors, growth-oriented investors are concerned with a stock’s future prospects, and the overall financial health and strength of a company. Thus, they’ll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions. Along with in-house developed Messenger, these apps now form Meta’s family of products used by almost 3.24 billion people on a daily basis as of Mar 31, 2024.
META is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 44.2% year-over-year for the current fiscal year, with sales growth of 20%.
Four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.14 to $21.44 per share for 2024. META boasts an average earnings surprise of 12.6%.
On a historic basis, Meta Platforms has generated cash flow growth of 13.7%, and is expected to report cash flow expansion of 42.7% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, META should be on investors’ short lists.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Meta Platforms, Inc. (META) : Free Stock Analysis Report