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Alphabet Inc. (GOOG) Rises Higher Than Market: Key Facts
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Alphabet Inc. (GOOG - Free Report) closed the most recent trading day at $367.11, moving +2.5% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
Heading into today, shares of the company had lost 8.94% over the past month, lagging the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.
The investment community will be closely monitoring the performance of Alphabet Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $2.86, signifying a 23.81% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $101 billion, up 23.59% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.3 per share and a revenue of $422.05 billion, signifying shifts of +32.28% and +23.08%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Alphabet Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. Currently, Alphabet Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Alphabet Inc. is currently being traded at a Forward P/E ratio of 25.05. This indicates a premium in contrast to its industry's Forward P/E of 16.27.
Meanwhile, GOOG's PEG ratio is currently 1.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.67 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 165, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Alphabet Inc. (GOOG) Rises Higher Than Market: Key Facts
Alphabet Inc. (GOOG - Free Report) closed the most recent trading day at $367.11, moving +2.5% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
Heading into today, shares of the company had lost 8.94% over the past month, lagging the Computer and Technology sector's gain of 0.33% and the S&P 500's gain of 0.48%.
The investment community will be closely monitoring the performance of Alphabet Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $2.86, signifying a 23.81% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $101 billion, up 23.59% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.3 per share and a revenue of $422.05 billion, signifying shifts of +32.28% and +23.08%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Alphabet Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. Currently, Alphabet Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Alphabet Inc. is currently being traded at a Forward P/E ratio of 25.05. This indicates a premium in contrast to its industry's Forward P/E of 16.27.
Meanwhile, GOOG's PEG ratio is currently 1.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.67 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 165, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.