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Alphabet (GOOGL) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Alphabet (GOOGL - Free Report) closed at $338.24, marking a -1.7% move from the previous day. This change lagged the S&P 500's 0.2% gain on the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
Prior to today's trading, shares of the internet search leader had gained 2.06% lagged the Computer and Technology sector's gain of 4.78% and outpaced the S&P 500's loss of 0.35%.
The upcoming earnings release of Alphabet will be of great interest to investors. In that report, analysts expect Alphabet to post earnings of $2.95 per share. This would mark year-over-year growth of 2.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $111.36 billion, up 27.31% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.55 per share and revenue of $433.8 billion, which would represent changes of +90.1% and +26.51%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alphabet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. Currently, Alphabet is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Alphabet is holding a Forward P/E ratio of 16.74. This indicates a premium in contrast to its industry's Forward P/E of 15.51.
Meanwhile, GOOGL's PEG ratio is currently 1. 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. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.69.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Alphabet (GOOGL) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Alphabet (GOOGL - Free Report) closed at $338.24, marking a -1.7% move from the previous day. This change lagged the S&P 500's 0.2% gain on the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
Prior to today's trading, shares of the internet search leader had gained 2.06% lagged the Computer and Technology sector's gain of 4.78% and outpaced the S&P 500's loss of 0.35%.
The upcoming earnings release of Alphabet will be of great interest to investors. In that report, analysts expect Alphabet to post earnings of $2.95 per share. This would mark year-over-year growth of 2.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $111.36 billion, up 27.31% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.55 per share and revenue of $433.8 billion, which would represent changes of +90.1% and +26.51%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alphabet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. Currently, Alphabet is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Alphabet is holding a Forward P/E ratio of 16.74. This indicates a premium in contrast to its industry's Forward P/E of 15.51.
Meanwhile, GOOGL's PEG ratio is currently 1. 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. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.69.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.