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Alphabet Inc. (GOOG) Declines More Than Market: Some Information for Investors

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In the latest trading session, Alphabet Inc. (GOOG - Free Report) closed at $335.40, marking a -1.18% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.24% for the day. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.

Coming into today, shares of the company had gained 13.59% in the past month. In that same time, the Computer and Technology sector gained 9.41%, while the S&P 500 gained 6.42%.

The investment community will be closely monitoring the performance of Alphabet Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on April 29, 2026. The company is forecasted to report an EPS of $2.63, showcasing a 6.41% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $92.17 billion, indicating a 20.5% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $11.53 per share and revenue of $409.43 billion, which would represent changes of +6.66% and +19.4%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Alphabet Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.4% higher. Currently, Alphabet Inc. is carrying a Zacks Rank of #3 (Hold).

Digging into valuation, Alphabet Inc. currently has a Forward P/E ratio of 29.43. For comparison, its industry has an average Forward P/E of 14.94, which means Alphabet Inc. is trading at a premium to the group.

Investors should also note that GOOG has a PEG ratio of 2.09 right now. 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. The Internet - Services industry currently had an average PEG ratio of 2.09 as of yesterday's close.

The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 25% echelons 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.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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