META Records Strong Stock Performance in Recent Trading

Meta Platforms (META) closed at $318.36 in the latest trading session, marking a 0.93% increase from the previous day. This outperformance compared to the S&P 500's daily gain of 0.63%, the Dow's 0.59% increase, and the Nasdaq's 0.39% rise.Over the past month, Meta Platforms' stock has climbed by 5.89%, surpassing the Computer and Technology sector's 2.3% loss and the S&P 500's 3.39% decline.Investors are eagerly awaiting Meta Platforms' upcoming earnings release scheduled for October 25, 2023. Analysts anticipate an EPS of $3.57, reflecting a substantial 117.68% increase from the same quarter last year. The consensus estimate for quarterly revenue stands at $33.41 billion, up 20.55% year-over-year.For the full year, Zacks Consensus Estimates indicate expectations of earnings per share of $13.34 and revenue of $132.79 billion. These projections represent changes of +35.71% and +13.87%, respectively, from the previous year.It's important to monitor analyst estimate revisions for Meta Platforms, as they often reflect short-term business trends. Positive estimate revisions can signify optimism about the company's outlook.Zacks Research has shown that estimate changes are closely linked to short-term stock price movements. To harness this insight, the proprietary Zacks Rank model was developed. With rankings ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of strong performance, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has risen by 1.58%. Currently, Meta Platforms holds a Zacks Rank of #3 (Hold).Additionally, investors should consider Meta Platforms' current valuation metrics, such as its Forward P/E ratio of 23.65. This indicates a discount compared to the industry's average Forward P/E of 37.56.Meta Platforms' PEG ratio, currently at 1.1, is also noteworthy. This metric, akin to the P/E ratio, factors in expected earnings growth. In comparison, the Internet - Software industry, as of the last trading session, had an average PEG ratio of 1.52.The Internet - Software industry falls within the Computer and Technology sector and boasts a Zacks Industry Rank of 63, positioning it in the top 25% of over 250 industries.The Zacks Industry Rank evaluates the strength of individual industry groups by measuring the average Zacks Rank of constituent stocks. Research has shown that industries in the top 50% of rankings tend to outperform those in the bottom half by a factor of 2 to 1.Stay tuned to for further updates on these and other stock-moving metrics throughout upcoming trading sessions.

Meta Mulls Paid Ad-Free Facebook, Instagram for EU Users

Meta Platforms, the parent company of Facebook and Instagram, is reportedly considering introducing ad-free paid versions of its social media platforms for users in the European Union. Under this proposed plan, users could pay around 10 euros (approximately US$10.46) per month for an ad-free experience on Facebook or Instagram on desktop, with an additional charge of about 6 euros for each linked account. On mobile devices, the cost for a single account would increase to around 13 euros due to fees from Apple's and Google's app stores.This move comes in response to evolving regulatory requirements in the EU, as Meta seeks to address concerns about user data and advertising practices. Earlier this year, the company was fined 390 million euros by Ireland's Data Privacy Commissioner and was instructed not to use the "contract" legal basis for delivering personalized ads based on users' online activities.Meta has informed European regulators of its intention to launch this ad-free subscription plan, referred to as Subscription No Ads (SNA), in the coming months. While the company emphasizes its commitment to providing free services supported by personalized ads, it is exploring these options to ensure compliance with evolving regulations.Both Meta and relevant regulatory bodies, including Ireland's Data Protection Commission and the European Commission, have not provided additional comments on this matter as of now. The New York Times initially reported Meta's consideration of paid ad-free versions for EU users, though pricing details were not disclosed.This potential shift underscores Meta's efforts to adapt to changing privacy and data protection regulations in the EU and provide users with more choices regarding their online experience.