Meta Platforms moved 1.7% this afternoon session, trading between a high of $317.07 and a low of $310.48 per share. Yesterday the stock finished at $310.73 per share, compared to an average analyst target price of $363.33.
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. The large-cap computer software: programming data processing company is based in the United States. Meta Platforms has trailing twelve months earnings per share (EPS) of 7.71, which at today's prices amounts to a price to earnings (P/E) ratio of 41.0.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 0.76. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-02 | 116,609,000 | -25,249,000 | 78.35 | -3.02 |
| 2022-02-03 | 117,929,000 | -22,649,000 | 80.79 | 0.26 |
| 2021-01-28 | 85,965,000 | -16,692,000 | 80.58 | -1.66 |
| 2020-01-30 | 70,697,000 | -12,770,000 | 81.94 | n/a |
At 80.4%, Meta Platforms's average gross margins are wider than the 70.92% average of its industry peer group, which suggests that the firm might have a competitive advantage.
