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) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
In the latest close session, Alphabet Inc. (GOOG - Free Report) was up +1.53% at $335.45. The stock's change was more than the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
Shares of the company have depreciated by 3.94% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.56%, and the S&P 500's loss of 1.96%.
The upcoming earnings release of Alphabet Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $2.93, marking a 2.09% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $111.44 billion, up 27.41% from the year-ago period.
GOOG's full-year Zacks Consensus Estimates are calling for earnings of $20.52 per share and revenue of $433.95 billion. These results would represent year-over-year changes of +89.82% and +26.55%, respectively.
Any recent changes to analyst estimates for Alphabet Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% upward. Currently, Alphabet Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Alphabet Inc. is currently exchanging hands at a Forward P/E ratio of 16.1. This denotes a premium relative to the industry average Forward P/E of 15.96.
One should further note that GOOG currently holds a PEG ratio of 0.96. 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. Internet - Services stocks are, on average, holding a PEG ratio of 1.48 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Alphabet Inc. (GOOG) Outperforms Broader Market: What You Need to Know
In the latest close session, Alphabet Inc. (GOOG - Free Report) was up +1.53% at $335.45. The stock's change was more than the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
Shares of the company have depreciated by 3.94% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.56%, and the S&P 500's loss of 1.96%.
The upcoming earnings release of Alphabet Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $2.93, marking a 2.09% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $111.44 billion, up 27.41% from the year-ago period.
GOOG's full-year Zacks Consensus Estimates are calling for earnings of $20.52 per share and revenue of $433.95 billion. These results would represent year-over-year changes of +89.82% and +26.55%, respectively.
Any recent changes to analyst estimates for Alphabet Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% upward. Currently, Alphabet Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Alphabet Inc. is currently exchanging hands at a Forward P/E ratio of 16.1. This denotes a premium relative to the industry average Forward P/E of 15.96.
One should further note that GOOG currently holds a PEG ratio of 0.96. 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. Internet - Services stocks are, on average, holding a PEG ratio of 1.48 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.