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) Advances While Market Declines: Some Information for Investors
Read MoreHide Full Article
In the latest trading session, Alphabet Inc. (GOOG - Free Report) closed at $357.89, marking a +1.29% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
The stock of company has fallen by 1.41% in the past month, leading the Computer and Technology sector's loss of 2.58% and undershooting the S&P 500's loss of 1.21%.
The investment community will be paying close attention to the earnings performance of Alphabet Inc. in its upcoming release. The company's upcoming EPS is projected at $2.86, signifying a 23.81% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $101 billion, reflecting a 23.59% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.3 per share and a revenue of $422.05 billion, indicating changes of +32.28% and +23.08%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Alphabet Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Right now, Alphabet Inc. possesses a Zacks Rank of #2 (Buy).
In the context of valuation, Alphabet Inc. is at present trading with a Forward P/E ratio of 24.71. Its industry sports an average Forward P/E of 14.8, so one might conclude that Alphabet Inc. is trading at a premium comparatively.
It is also worth noting that GOOG currently has a PEG ratio of 1.51. 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 had an average PEG ratio of 1.61 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Alphabet Inc. (GOOG) Advances While Market Declines: Some Information for Investors
In the latest trading session, Alphabet Inc. (GOOG - Free Report) closed at $357.89, marking a +1.29% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
The stock of company has fallen by 1.41% in the past month, leading the Computer and Technology sector's loss of 2.58% and undershooting the S&P 500's loss of 1.21%.
The investment community will be paying close attention to the earnings performance of Alphabet Inc. in its upcoming release. The company's upcoming EPS is projected at $2.86, signifying a 23.81% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $101 billion, reflecting a 23.59% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.3 per share and a revenue of $422.05 billion, indicating changes of +32.28% and +23.08%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Alphabet Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Right now, Alphabet Inc. possesses a Zacks Rank of #2 (Buy).
In the context of valuation, Alphabet Inc. is at present trading with a Forward P/E ratio of 24.71. Its industry sports an average Forward P/E of 14.8, so one might conclude that Alphabet Inc. is trading at a premium comparatively.
It is also worth noting that GOOG currently has a PEG ratio of 1.51. 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 had an average PEG ratio of 1.61 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.