Alphabet Inc. (GOOG - Free Report) closed at $117.72 in the latest trading session, marking a +0.73% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.67%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 9.29%.
Coming into today, shares of the company had lost 6.02% in the past month. In that same time, the Computer and Technology sector gained 1.84%, while the S&P 500 gained 2.65%.
Alphabet Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.32, up 9.09% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $60.21 billion, up 4.76% from the year-ago period.
GOOG's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $248.34 billion. These results would represent year-over-year changes of +18.2% and +6.18%, respectively.
Investors should also note any recent changes to analyst estimates for Alphabet Inc.Recent revisions tend to reflect the latest 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.33% lower. Alphabet Inc. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Alphabet Inc. has a Forward P/E ratio of 21.69 right now. This valuation marks a discount compared to its industry's average Forward P/E of 31.
Investors should also note that GOOG has a PEG ratio of 1.49 right now. 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. GOOG's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Alphabet Inc. (GOOG - Free Report) closed at $117.72 in the latest trading session, marking a +0.73% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.67%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 9.29%.
Coming into today, shares of the company had lost 6.02% in the past month. In that same time, the Computer and Technology sector gained 1.84%, while the S&P 500 gained 2.65%.
Alphabet Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.32, up 9.09% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $60.21 billion, up 4.76% from the year-ago period.
GOOG's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $248.34 billion. These results would represent year-over-year changes of +18.2% and +6.18%, respectively.
Investors should also note any recent changes to analyst estimates for Alphabet Inc.Recent revisions tend to reflect the latest 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.33% lower. Alphabet Inc. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Alphabet Inc. has a Forward P/E ratio of 21.69 right now. This valuation marks a discount compared to its industry's average Forward P/E of 31.
Investors should also note that GOOG has a PEG ratio of 1.49 right now. 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. GOOG's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on GOOG - FREE