Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Meta Platforms, Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets and wearables worldwide.
It is set to report its Q4 2024 earnings on January 29. Wall Street analysts expect the company to post an EPS of $6.73, up from $5.33 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $46.98 billion, up from $40.11 billion in the previous year.
Don’t Miss:
The company’s stock traded at approximately $77.65 per share 10 years ago. If you had invested $10,000, you could have bought roughly 129 shares. Currently, shares trade at $616.46, meaning your investment’s value could have grown to $79,390 from stock price appreciation alone. However, Meta Platforms also paid dividends during these 10 years.
Meta Platforms’ dividend yield is currently 0.32%. Over the last 10 years, it has paid about $2 in dividends per share, which means you could have made $257 from dividends alone.
Summing up $79,390 and $257, we end up with the final value of your investment, which is $79,647. This is how much you could have made if you had invested $10,000 in Meta Platforms stock 10 years ago. This means a total return of 696.47%. In comparison, the S&P 500 total return for the same period is 232.87%.
Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!
Meta Platforms has a consensus rating of “Buy” and a price target of $663.92 based on the ratings of 42 analysts. The price target implies a nearly 8% potential upside from the current stock price.
On Oct. 30, 2024, the company announced its Q3 2024 earnings, posting revenues of $40.59 billion, beating analyst estimates of $40.29 billion, as reported by Benzinga.
The company reported third-quarter adjusted earnings of $6.03 per share, beating analyst estimates of $5.25 per share. Meta has now beaten analyst estimates on the top and bottom lines in seven consecutive quarters.
