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Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Alphabet (GOOGL - Free Report) closed at $1,043.41, marking a +1.73% move from the previous day. This move outpaced the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the internet search leader had lost 0.17% over the past month, outpacing the Computer and Technology sector's loss of 5.51% and the S&P 500's loss of 7.29% in that time.
Wall Street will be looking for positivity from GOOGL as it approaches its next earnings report date. This is expected to be February 7, 2019. On that day, GOOGL is projected to report earnings of $11.01 per share, which would represent year-over-year growth of 13.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.26 billion, up 20.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $42.01 per share and revenue of $109.51 billion. These totals would mark changes of +31.08% and +22.79%, respectively, from last year.
Any recent changes to analyst estimates for GOOGL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. GOOGL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that GOOGL has a Forward P/E ratio of 24.42 right now. This valuation marks a discount compared to its industry's average Forward P/E of 27.64.
Also, we should mention that GOOGL has a PEG ratio of 1.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GOOGL's industry had an average PEG ratio of 2.02 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 97, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Alphabet (GOOGL - Free Report) closed at $1,043.41, marking a +1.73% move from the previous day. This move outpaced the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the internet search leader had lost 0.17% over the past month, outpacing the Computer and Technology sector's loss of 5.51% and the S&P 500's loss of 7.29% in that time.
Wall Street will be looking for positivity from GOOGL as it approaches its next earnings report date. This is expected to be February 7, 2019. On that day, GOOGL is projected to report earnings of $11.01 per share, which would represent year-over-year growth of 13.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.26 billion, up 20.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $42.01 per share and revenue of $109.51 billion. These totals would mark changes of +31.08% and +22.79%, respectively, from last year.
Any recent changes to analyst estimates for GOOGL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. GOOGL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that GOOGL has a Forward P/E ratio of 24.42 right now. This valuation marks a discount compared to its industry's average Forward P/E of 27.64.
Also, we should mention that GOOGL has a PEG ratio of 1.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GOOGL's industry had an average PEG ratio of 2.02 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 97, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.