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Why Alphabet (GOOGL) Dipped More Than Broader Market Today
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Alphabet (GOOGL - Free Report) closed at $337.13 in the latest trading session, marking a -1.33% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Coming into today, shares of the internet search leader had gained 13.52% 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 upcoming earnings release of Alphabet will be of great interest to investors. The company's earnings report is expected on April 29, 2026. The company's upcoming EPS is projected at $2.63, signifying a 6.41% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $92.17 billion, indicating a 20.5% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.53 per share and revenue of $409.43 billion. These totals would mark changes of +6.66% and +19.4%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Alphabet. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.4% increase. As of now, Alphabet holds a Zacks Rank of #3 (Hold).
With respect to valuation, Alphabet is currently being traded at a Forward P/E ratio of 29.63. This indicates a premium in contrast to its industry's Forward P/E of 14.94.
It's also important to note that GOOGL currently trades at a PEG ratio of 2.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 2.09.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why Alphabet (GOOGL) Dipped More Than Broader Market Today
Alphabet (GOOGL - Free Report) closed at $337.13 in the latest trading session, marking a -1.33% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Coming into today, shares of the internet search leader had gained 13.52% 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 upcoming earnings release of Alphabet will be of great interest to investors. The company's earnings report is expected on April 29, 2026. The company's upcoming EPS is projected at $2.63, signifying a 6.41% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $92.17 billion, indicating a 20.5% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.53 per share and revenue of $409.43 billion. These totals would mark changes of +6.66% and +19.4%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Alphabet. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.4% increase. As of now, Alphabet holds a Zacks Rank of #3 (Hold).
With respect to valuation, Alphabet is currently being traded at a Forward P/E ratio of 29.63. This indicates a premium in contrast to its industry's Forward P/E of 14.94.
It's also important to note that GOOGL currently trades at a PEG ratio of 2.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 2.09.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.