We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alphabet Inc. (GOOG) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
Alphabet Inc. (GOOG - Free Report) ended the recent trading session at $167.71, demonstrating a -1.56% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq appreciated by 0.81%.
Shares of the company have appreciated by 2.6% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.05% and the S&P 500's gain of 4.61%.
The upcoming earnings release of Alphabet Inc. will be of great interest to investors. On that day, Alphabet Inc. is projected to report earnings of $2.12 per share, which would represent year-over-year growth of 12.17%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $78.86 billion, up 10.51% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $9.47 per share and a revenue of $331.17 billion, demonstrating changes of +17.79% and +12.22%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Alphabet Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.46% higher. At present, Alphabet Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Alphabet Inc. is holding a Forward P/E ratio of 17.99. For comparison, its industry has an average Forward P/E of 17.99, which means Alphabet Inc. is trading at no noticeable deviation to the group.
It's also important to note that GOOG currently trades at a PEG ratio of 1.29. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Services industry stood at 1.35 at the close of the market yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Alphabet Inc. (GOOG) Stock Declines While Market Improves: Some Information for Investors
Alphabet Inc. (GOOG - Free Report) ended the recent trading session at $167.71, demonstrating a -1.56% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq appreciated by 0.81%.
Shares of the company have appreciated by 2.6% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.05% and the S&P 500's gain of 4.61%.
The upcoming earnings release of Alphabet Inc. will be of great interest to investors. On that day, Alphabet Inc. is projected to report earnings of $2.12 per share, which would represent year-over-year growth of 12.17%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $78.86 billion, up 10.51% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $9.47 per share and a revenue of $331.17 billion, demonstrating changes of +17.79% and +12.22%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Alphabet Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.46% higher. At present, Alphabet Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Alphabet Inc. is holding a Forward P/E ratio of 17.99. For comparison, its industry has an average Forward P/E of 17.99, which means Alphabet Inc. is trading at no noticeable deviation to the group.
It's also important to note that GOOG currently trades at a PEG ratio of 1.29. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Services industry stood at 1.35 at the close of the market yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.