Why Meta Platforms (META) Outpaced the Stock Market Today

Meta Platforms (META) gained 1.34% to $682.31, outperforming the S&P 500. The stock has surged 23.31% over the past month. Upcoming earnings are expected to show an EPS of $6.39 (down 11.86% YoY) with revenue projected at $63.18 billion (up 23.29% YoY). META holds a Zacks Rank #3 (Hold) with a Forward P/E of 21.27, trading at a premium to its industry average.