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Alphabet (GOOGL) Gains As Market Dips: What You Should Know
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In the latest trading session, Alphabet (GOOGL - Free Report) closed at $1,179.56, marking a +0.66% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq gained 0.08%.
Prior to today's trading, shares of the internet search leader had lost 4.02% over the past month. This has lagged the Computer and Technology sector's gain of 1.48% and the S&P 500's gain of 2.47% in that time.
Investors will be hoping for strength from GOOGL as it approaches its next earnings release, which is expected to be October 25, 2018. On that day, GOOGL is projected to report earnings of $10.49 per share, which would represent year-over-year growth of 9.61%. Our most recent consensus estimate is calling for quarterly revenue of $27.25 billion, up 22.36% from the year-ago period.
GOOGL's full-year Zacks Consensus Estimates are calling for earnings of $39.92 per share and revenue of $109.60 billion. These results would represent year-over-year changes of +24.56% and +22.9%, respectively.
Investors should also note any recent changes to analyst estimates for GOOGL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.63% lower. GOOGL is currently a Zacks Rank #3 (Hold).
Digging into valuation, GOOGL currently has a Forward P/E ratio of 29.36. For comparison, its industry has an average Forward P/E of 34.8, which means GOOGL is trading at a discount to the group.
It is also worth noting that GOOGL currently has a PEG ratio of 1.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GOOGL's industry had an average PEG ratio of 2.46 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Alphabet (GOOGL) Gains As Market Dips: What You Should Know
In the latest trading session, Alphabet (GOOGL - Free Report) closed at $1,179.56, marking a +0.66% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq gained 0.08%.
Prior to today's trading, shares of the internet search leader had lost 4.02% over the past month. This has lagged the Computer and Technology sector's gain of 1.48% and the S&P 500's gain of 2.47% in that time.
Investors will be hoping for strength from GOOGL as it approaches its next earnings release, which is expected to be October 25, 2018. On that day, GOOGL is projected to report earnings of $10.49 per share, which would represent year-over-year growth of 9.61%. Our most recent consensus estimate is calling for quarterly revenue of $27.25 billion, up 22.36% from the year-ago period.
GOOGL's full-year Zacks Consensus Estimates are calling for earnings of $39.92 per share and revenue of $109.60 billion. These results would represent year-over-year changes of +24.56% and +22.9%, respectively.
Investors should also note any recent changes to analyst estimates for GOOGL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.63% lower. GOOGL is currently a Zacks Rank #3 (Hold).
Digging into valuation, GOOGL currently has a Forward P/E ratio of 29.36. For comparison, its industry has an average Forward P/E of 34.8, which means GOOGL is trading at a discount to the group.
It is also worth noting that GOOGL currently has a PEG ratio of 1.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GOOGL's industry had an average PEG ratio of 2.46 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.