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Alphabet (GOOGL) Stock Declines While Market Improves: Some Information for Investors
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Alphabet (GOOGL - Free Report) closed the most recent trading day at $339.57, moving -1.34% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Heading into today, shares of the internet search leader had lost 3.04% over the past month, lagging the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
The upcoming earnings release of Alphabet will be of great interest to investors. The company's earnings report is expected on October 28, 2026. The company's earnings per share (EPS) are projected to be $2.94, reflecting a 2.44% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $111.64 billion, indicating a 27.63% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.55 per share and revenue of $434.71 billion, which would represent changes of +90.1% and +26.77%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alphabet. These revisions help to show the ever-changing nature 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 shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. At present, Alphabet boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Alphabet is holding a Forward P/E ratio of 16.75. For comparison, its industry has an average Forward P/E of 14.91, which means Alphabet is trading at a premium to the group.
Also, we should mention that GOOGL has a PEG ratio of 1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 30% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Alphabet (GOOGL) Stock Declines While Market Improves: Some Information for Investors
Alphabet (GOOGL - Free Report) closed the most recent trading day at $339.57, moving -1.34% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Heading into today, shares of the internet search leader had lost 3.04% over the past month, lagging the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
The upcoming earnings release of Alphabet will be of great interest to investors. The company's earnings report is expected on October 28, 2026. The company's earnings per share (EPS) are projected to be $2.94, reflecting a 2.44% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $111.64 billion, indicating a 27.63% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $20.55 per share and revenue of $434.71 billion, which would represent changes of +90.1% and +26.77%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alphabet. These revisions help to show the ever-changing nature 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 shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. At present, Alphabet boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Alphabet is holding a Forward P/E ratio of 16.75. For comparison, its industry has an average Forward P/E of 14.91, which means Alphabet is trading at a premium to the group.
Also, we should mention that GOOGL has a PEG ratio of 1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 30% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.