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Alphabet Inc. (GOOG) Dips More Than Broader Market: What You Should Know
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Alphabet Inc. (GOOG - Free Report) closed the most recent trading day at $334.98, moving -3.58% from the previous trading session. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The company's shares have seen an increase of 1.19% over the last month, not keeping up with the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
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 $2.93, signifying a 2.09% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $111.26 billion, showing a 27.2% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.51 per share and revenue of $433.58 billion. These totals would mark changes of +89.73% and +26.44%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Alphabet Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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.
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 witnessed a 0.01% decrease. Alphabet Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Alphabet Inc. is presently being traded at a Forward P/E ratio of 16.94. This valuation marks a premium compared to its industry average Forward P/E of 16.02.
Meanwhile, GOOG's PEG ratio is currently 1.01. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.67 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 181, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Alphabet Inc. (GOOG) Dips More Than Broader Market: What You Should Know
Alphabet Inc. (GOOG - Free Report) closed the most recent trading day at $334.98, moving -3.58% from the previous trading session. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The company's shares have seen an increase of 1.19% over the last month, not keeping up with the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
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 $2.93, signifying a 2.09% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $111.26 billion, showing a 27.2% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.51 per share and revenue of $433.58 billion. These totals would mark changes of +89.73% and +26.44%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Alphabet Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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.
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 witnessed a 0.01% decrease. Alphabet Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Alphabet Inc. is presently being traded at a Forward P/E ratio of 16.94. This valuation marks a premium compared to its industry average Forward P/E of 16.02.
Meanwhile, GOOG's PEG ratio is currently 1.01. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.67 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 181, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.