Meta Platforms (FB) Outpaces Stock Market Gains: What You Should Know

$Meta Platforms(FB.US)$ closed at $338.54 in the latest trading session, marking a +0.65% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.46%.

Heading into today, shares of the social media company had gained 9.62% over the past month, outpacing the Computer and Technology sector's gain of 1.46% and the S&P 500's gain of 4.56% in that time.

Investors will be hoping for strength from $Meta Platforms(FB.US)$ as it approaches its next earnings release. The company is expected to report EPS of $3.09, down 20.36% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $33 billion, up 17.56% from the prior-year quarter.

Any recent changes to analyst estimates for Meta Platforms should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.