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Alphabet (GOOGL) Dips More Than Broader Markets: What You Should Know
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Alphabet (GOOGL - Free Report) closed the most recent trading day at $1,119.94, moving -1.72% from the previous trading session. This move lagged the S&P 500's daily loss of 0.69%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 0.79%.
Coming into today, shares of the internet search leader had lost 4.95% in the past month. In that same time, the Computer and Technology sector lost 7.49%, while the S&P 500 lost 4.53%.
Wall Street will be looking for positivity from GOOGL as it approaches its next earnings report date. In that report, analysts expect GOOGL to post earnings of $11.48 per share. This would mark a year-over-year decline of 2.3%. Meanwhile, our latest consensus estimate is calling for revenue of $30.90 billion, up 17.76% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $45.59 per share and revenue of $130.10 billion, which would represent changes of +4.32% and +18.17%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for GOOGL. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.95% higher. GOOGL is currently a Zacks Rank #3 (Hold).
Digging into valuation, GOOGL currently has a Forward P/E ratio of 24.99. This valuation marks a discount compared to its industry's average Forward P/E of 27.82.
Meanwhile, GOOGL's PEG ratio is currently 1.43. 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. Internet - Services stocks are, on average, holding a PEG ratio of 3.22 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Alphabet (GOOGL) Dips More Than Broader Markets: What You Should Know
Alphabet (GOOGL - Free Report) closed the most recent trading day at $1,119.94, moving -1.72% from the previous trading session. This move lagged the S&P 500's daily loss of 0.69%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 0.79%.
Coming into today, shares of the internet search leader had lost 4.95% in the past month. In that same time, the Computer and Technology sector lost 7.49%, while the S&P 500 lost 4.53%.
Wall Street will be looking for positivity from GOOGL as it approaches its next earnings report date. In that report, analysts expect GOOGL to post earnings of $11.48 per share. This would mark a year-over-year decline of 2.3%. Meanwhile, our latest consensus estimate is calling for revenue of $30.90 billion, up 17.76% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $45.59 per share and revenue of $130.10 billion, which would represent changes of +4.32% and +18.17%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for GOOGL. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.95% higher. GOOGL is currently a Zacks Rank #3 (Hold).
Digging into valuation, GOOGL currently has a Forward P/E ratio of 24.99. This valuation marks a discount compared to its industry's average Forward P/E of 27.82.
Meanwhile, GOOGL's PEG ratio is currently 1.43. 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. Internet - Services stocks are, on average, holding a PEG ratio of 3.22 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.